Martin Company manufactures a single product. The company uses the weighted average cost method in its process costing system. Activity for June has just been completed. An incomplete production report for the first processing department follows:

Required:

1. Prepare a schedule showing how the equivalent units were computed for the first processing department.

2. Complete the cost reconciliation part of the production report for the first processing department.

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Quantity Schedule and Equivalent Units Quantity Schedule Units to be accounted for: Work in process, June 1 (all materials, 75% labour and overhead added last month) 16,000 Started into production 90,000 Total units 106,000 EUs Materials Labour Overhead Units accounted for as follows: Transferred to the next 96,000 ? department Work in process, June 30 (all materials, 40% labour and overhead added this month) 10,000 Total units 106,000 Costs per EU Total Whole Unit Cost Materials Labour Overhead Cost to be accounted for: $ 1,320 $ 14,260 $10,300 $ 2,640 Work in process, June 1 19,680 39,360 Cost added by the department 117,640 _58.600 Total cost (a) $131,900 $68,900 $21,000 $42,000 Equivalent units (b) Cost per EU, (a) ÷ (b) $? + $? $? $1.28 Cost Reconciliation Total Cost Cost accounted for as follows: