10 17 points The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred Into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below. Production data Kilograms in process, May 1 (materials 100% complete conversion 80% complete) Kilograms started into production during May Kilograms completed and transferred to Coating Kilograms in process, May 31 (materials 65% complete: conversion 30% complete Cest data Work in process inventory, May 1 Materials cost Conversion cost Cost added during May Materials cost Comersion cast The company uses the weighted-average method. Required 1. Compute the equivalent units of production. 126,000 375,000 ? 71.000 $ 79,380 193.240 5606,276 $258,774 Mc Graw Equivalent unts of production Materials Conversion 17 2. Compute the costs per equivalent unit for May. (Round your answers to 2 decimal places.) 10 points Materials Conversion Cost per equivalent unt 3. Determine the cost of ending work in process inventory and of the units transferred to the Coating Department (Round Intermediate calculations to 2 decimal places, and final answers to the nearest whole dollar.) Materials Conversion Cost of ending work in process inventory Cost of units completed and transfered out Total 17 10 ports 4. Prepare a cost reconciliation between the costs determined in (3) above and the cost of beginning inventory and costs added during the period. (Round intermediate calculations to 2 decimal places, and final answers to the nearest whole dollar.) Cost Reconciliation Costs to be accounted for Cost of beginning work in process inventory Costs added to production during the period Total cost Costs accounted for as follows Transfered to the Coating Department Work in process, May 31 Matorials Conversion Total ending Work in process Total cost