Determine equivalent units for june for the first process

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Reference no: EM133445552

Question: CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June:

    Percent Complete
    Units   Materials Conversion
Work in process, beginning   50,800     75 %   30 %
Started into production   438,000              
Completed and transferred out   388,000              
Work in process, ending   100,800     60 %   40 %
        Materials Conversion
Work in process, beginning       $ 46,300   $ 25,800  
Cost added during June       $ 426,300   $ 145,800  
 

Required:

Assume that the company uses the weighted-average method.

1. Determine the equivalent units for June for the first process.

2. Compute the costs per equivalent unit for June for the first process. (Round your answers to 3 decimal places.)

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. (Round intermediate calculations to 3 decimal places.)

4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period.

Reference no: EM133445552

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