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 94000 70% 40%
Started into production 452000
Completed and transferred out 442000
Work in process, ending 104000 75% 25%
Materials Conversion
Work in process, beginning $37700 $13700
Cost added during June $404300 $290500
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.
4. Prepare a cost reconciliation report for the Mixing Department for June