Complete this with a paragraph. What does the cost reconciliation schedule tell us about the company's costs based on this completed chart.

Weighted Avge method:Stt of Equivalent Production IN Out Equivalent Units Pariculars Units Pariculars Units Material Conversion 3000 Completed P 85000 Ending WIP 88000 82000 6000 88000 % complete | Equi Units % complete Equi Unit 82000 1800 83800 82000 4800 86800 Opening WIP Units Introduced 100% 30% 100% 80% Statement of Cost Cost incurred in Elements of cost Cost pu (d-b+c) (e d/a) Total Equi Unit (a) Prev Period (b) Current Period C Material Conversion Totals 86800 83800 $900$151,000 $5,900$161,700 $151,900 $167,600 $1.75 $2.00 $3.75 $6,800 $312,700$319,500 Stt of Evaluation Element of cos Equi Unist Cost pu a) Compl Prod Mat Conversion Weighted Avge Method Tot Cost Component cost 82000 82000 1.75 $143,500 2.00 $164,000 $307,500 b)Closing WIP Mat Conversion Total Cost 4800 1800 1.75 2.00 $8,400 $3,600 $12,000 $319,500