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Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transferred Ending inventory 0 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 10096 8096 6096 4096 2096 0% Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Conversion Conversion Direct Materials Direct Materials tableau - db o Complete this question by entering your answers in the tabs below. Required 1 Required 2. Required 3 Prepare a process cost summary for the mixing department. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Total costs to account for $ 0.00 Total costs accounted for 0.00 Difference due to rounding costunit Unit Reconciliation Units to account for Total units to account for Total units accounted for Unit Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs EUP EUP Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 0 Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs EUP EUP - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 0 Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out EUP Costs of ending work in process Direct materials Cost per EUP Total cost $ 0.00 Conversion $ 0.00 Total ending work in process Total costs accounted for Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? Completion percentages assigned to each component of ending inventory? Required 1 Required 2 Required 3 If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? What effect does this have on current period financial statements

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