Reference no: EM131771346

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 Completed
	Units	Materials	Conversion
Work in process, beginning	106,000	70%	40%
Started into production	503,000
Completed and transferred out	493,000
Work in process, ending	116,000	75%	25%

	Materials		Conversion
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.

2. Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places.)

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.)

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.)