ABC Company, a manufacturer of personal computer assembles a standardized personal computer from parts it purchases from various suppliers. The production process consists of several steps, starting with assembly of the "mother" circuit board, which contains the central processing unit. This assembly takes place in the CPU Assembly Department. The company recently hired a new accountant who prepared the following partial production report for the May using the weighted average method. Quantity Schedule Units to be accounted for Work in process, May 1 (Materials 90% 25000 complete, labor 80% complete and overhead 70% complete) Started into production 145000 Total units 170000 Units accounted for as follows. Transferred to next department 150000 Work in process, May 31 (Materials 75% 20000 complete, labor 50% complete and overhead 30% complete) Total units 170000 Total Cost Cost to be accounted for Work in process, May 1 67000 Cost added in the department 439000 Total Cost 506000 Cost Reconciliation Cost accounted for as follows: Transferred to next department 465000 Work in process, May 31 41000 506000 The company's management would like some additional information about May's operation in the CPU Assembly Department. The currency is in US Dollar Required: a) What were the equivalent units for May for materials, labor and overhead? b) What were the costs per equivalent unit for May? The following additional data are available concerning the department's costs. Total Material Labor Overhead Work in process, May 1 67000 40000 16000 11000 Cost added in the 439000 210000 175000 54000 department c) Verify the accountant's ending work in process inventory figure (41000) given in the report d) Determine the amount of Finished Goods inventory if there were 30000 units