Bell Computers, LTD., located in Liverpool, England, assembles astandardized personal computer from parts it purchases from various suppliers. Theproduction process consists of several steps, starting with assembly of themother circuit board, which contains the central processing unit. This assembly takes place in the CPUAssembly Department. The company recently hired a new accountant who prepared the followingpartial production report for the department for January using the weighted-averagemethod: Quantity Schedule: Units to be accounted for: Work in process, January 01 10,000 (Materials 90% complete; Conversion 80% complete) Started into production 58,000 Total units 68,000 Units accounted for as follows: Completed and transferred out 60,000 Work in Process, January 31 8,000 (Materials 75% complete; Conversion 50% complete) Total units 68,000 Total Cost: Cost to be accounted for: Work in Process, January 01 26,800 Cost added in the department 175,600 Total cost 202,400 Cost Reconciliation: Cost accounted for as follows: Completed and transferred out 186,000 Work in Process, January 31 16,400 Total cost 202,400 The companys management would like some additionalinformation about Januarys operation in the CPU Assembly Department. (The currency in Englandis the pound, which is denoted by the symbol .) Required: 1. How many units were stared and completed during January? 2. What were the equivalent units for January for material andconversion costs? 3. What were the costs per equivalent unit for January? Thefollowing additional data are available concerning the departments cost: Particular Total Material Conversion Work in Process, January 01 26,800 18,000 8,800 Cost added during January 175,600 114,000 61,600 4. Verify the accountants ending work in process inventoryfigure (16,400) given in the report. 5. What criticism can be made of the unit costs that have beencomputed using weighted Average Method by the company and which method issuperior for