Honeybutter Inc. manufactures a product that goes through two departments prior to completion— the Mixing Department followed by the Packaging Department. The following information is available about work in the first department the Mixing Department during June.Percent CompletedUnitsMaterialsConversion Work in process beginning106 000 70% 40% Started into production503 000 Completed and transferred out493 000 Work in process ending116 000 75% 25% MaterialsConversion Work in process beginning$45 500 $16 900 Cost added during June$488 100 $358 940 Required:Assume that the company uses the weighted-average method.1.Determine the equivalent units for June for the Mixing Department.MaterialsConversion Equivalent units of production 2.Compute the costs per equivalent unit for June for the Mixing Department.(Round your answers to 2 decimal places.)MaterialsConversion Cost per equivalent unit$ $ 3.Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)Total Cost of ending work in process inventory$ Cost of units completed and transferred out$ 4.Prepare a cost reconciliation report for the Mixing Department for June. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)Cost Reconciliation Costs to be accounted for: (Click to select)Cost of ending work in process inventoryCost of units completed and transferred outCost of beginning work in process inventory$ (Click to select)Cost of ending work in process inventoryCost of units completed and transferred outCosts added to production during the period Total cost to be accounted for$ Costs accounted for as follows: (Click to select)Cost of beginning work in process inventoryCosts added to production during the periodCost of ending work in process inventory$ (Click to select)Cost of units completed and transferred outCost of beginning work in process inventoryCosts added to production during the period Total cost accounted for$
