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Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. The following information relates to work in the mixing department for the month of July: \begin{tabular}{|l|l|} \hline Work in process, July 1: & \\ \hline Units in process & 300 \\ \hline Percent completed with respect to materials & 60% \\ \hline Percent completed with respect to conversion & 40% \\ \hline \end{tabular} Cost in the beginning inventory: \begin{tabular}{|l|r|} \hline Materials cost & $10,500 \\ \hline Conversion cost & $6,750 \\ \hline Units started into production during the period & 6,200 \\ \hline Costs added to production during the period: & \\ \hline Materials cost & $330,912 \\ \hline Conversion cost & $406,408 \\ \hline \end{tabular} Work in process, July 31: \begin{tabular}{|l|c|} \hline Units in process & 450 \\ \hline Percent completed with respect to materials & 40% \\ \hline Percent completed with respect to conversion & 30% \\ \hline \end{tabular} Use the data to answer the following. 1. Compute equivalent units. Mixing Department Equivalent Units of Production \begin{tabular}{l|l} Materials & Conversion \end{tabular} Units transferred to the next department Ending work in process: Materials Conversion Equivalent units of production 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit \begin{tabular}{l|l} Materials & Conversion \end{tabular} Cost of beginning work in process Cost added during the period Total cost Equivalent units of production Cost per equivalent unit \begin{tabular}{l} Cost of beginning work in process \\ Cost added during the period \\ Total cost \\ Equivalent units of production \\ Cost per equivalent unit \\ \hline Costs of Ending Work in Process Inventory and the Units Transferred Out \\ \hline 3. Assign costs. \\ \hline Ending work in process inventory: \\ \hline Equivalent units of production \\ \hline Cost per equivalent unit \\ \hline Cost of ending work in process inventory \\ \hline Units completed and transferred out: \\ \hline Cost per equivalent unit \\ \hline Cost of units transferred out \\ \hline 4. Prepare reconciliation. \end{tabular} Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory nits completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out Prepare reconciliation. Mixing Department Cost Reconciliation osts to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for osts accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for

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