Auditing Firm was hired to perform an audit of a manufacturer in accordance with GAAS. You are the member of the engagement team assigned to perform procedures on the inventory records. To revise the document, click on each segment of underlined text below and select the needed correction, if any, from the list provided. If the underlined text is already correct in the context of the document, select [Original Text] from the list. If removal of the underlined text is the best revision to the document, select [Delete Text] from the list if available. 1. Calculating EUP using the weighted average method requires the determination of units completed and the percentage of completion of ending work-in-process regarding each cost category. The total EUP for direct materials, direct labor, and manufacturing overhead were, respectively. 1,200,000, 1,050,000, and 1,050,000.0 2. Determining the total unit cost of production requires calculating total cost and unit cost for each cost category. The total cost per EUP is $3.45. 3. The cost of ending finished goods is a function of beginning inventories, production volume, sales, spoilage, and manufacturing costs. It equals $0.22 4. The cost of ending work-in-process also is a function of beginning inventories, production volume, sales, spoilage, and manufacturing costs. It equals $903,000, 5. The auditor assigned to perform the inventory cost analysis has compared the results with the auditee's accounting records. The auditor has concluded that the appropriate adjusting journal entry is no entry. Auditing Firm was hired to perform an audit of a manufacturer in accordance with GAAS. You are the member of the engagement team assigned to perform procedures on the inventory records. To revise the document, click on each segment of underlined text below and select the needed correction, if any, from the list provided. If the underlined text is already correct in the context of the document, select [Original Text] from the list. If removal of the underlined text is the best revision to the document, select [Delete Text] from the list if available. 1. Calculating EUP using the weighted average method requires the determination of units completed and the percentage of completion of ending work-in-process regarding each cost category. The total EUP for direct materials, direct labor, and manufacturing overhead were, respectively. 1,200,000, 1,050,000, and 1,050,000.0 2. Determining the total unit cost of production requires calculating total cost and unit cost for each cost category. The total cost per EUP is $3.45. 3. The cost of ending finished goods is a function of beginning inventories, production volume, sales, spoilage, and manufacturing costs. It equals $0.22 4. The cost of ending work-in-process also is a function of beginning inventories, production volume, sales, spoilage, and manufacturing costs. It equals $903,000, 5. The auditor assigned to perform the inventory cost analysis has compared the results with the auditee's accounting records. The auditor has concluded that the appropriate adjusting journal entry is no entry