Cameron Chemicals uses the weighted average method in its process costing system. During January, the Assembly Department completed its processing of 25,900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $695,346 in total. The ending work in process inventory in January consisted of 3,200 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead, The costs per equivalent unit for the month were as follows: d Cost per equivalent unit Materials $ 12.80 Labor $ 3.60 Overhead $ 8.30 Required: 1 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January 4. Prepare a cost reconciliation for January (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January Materials 5 364 288 Labor Overhead Total 100.152 $ 230,906 S 695 346 Cost of ending work in process inventory Cameron Chemicals uses the weighted-average method in its process costing system. During January, the Assembly Department completed its processing of 25,900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $695,346 in total. The ending work in process inventory in January consisted of 3,200 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Cost per equivalent unit $ 12.80 Labor $ 3.60 Overhead $ 8.30 Required: 1 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January 4. Prepare a cost reconciliation for January (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. Labor Overhead Equivalent Materials 28,460 278203 27,820 Chemicals uses the weighted average method in its process costing system. During January, the Assembly Department completed its processing of 25.900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $695,346 in total. The ending work in process inventory in January consisted of 3.200 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit Materials $ 12.80 Labor 5 3.60 Overhead $ 8.30 Required: 1. Compute the equivalent units of materials, labor and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January 4 Prepare a cost reconciliation for January (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a cost reconciliation for January Cost Reconciliation 15 Total cost to be accounted for 1,335 076 Costs accounted for as follows Cost of units completed and transferred out $ 639,730 Cost of ending work in process inventory 695,346 Total cost accounted for 1.335 076