2. Gotham Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process ........................................................... 200 Stage of completion with respect to materials ............ 70% Stage of completion with respect to conversion.......... 10% Costs in the beginning inventory: Materials cost ........................................................... $2056 Conversion cost ........................................................ $3,208 Units started into production during the month .............. 21,800 Units completed and transferred out .............................. 20,000 Costs added to production during the month: Materials cost .............................................................. $145,544 Conversion cost ........................................................... $725,792 Work in process, ending: Units in process ........................................................... ??? Stage of completion with respect to materials ............ 75% Stage of completion with respect to conversion.......... 85% Required: (15 Marks) 1. Using the weighted-average method, determine the equivalent units of production for materials and conversion. 2. Compute the costs per equivalent unit for materials and conversion. 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Department during the month. 4. Prepare a cost reconciliation report.