1. General Motors manufactures car engines using process costing. In April 2040, the company incurs the following costs:
   • Direct Materials: $12,000,000
   • Direct Labor: $6,000,000
   • Overhead: $8,000,000
   • Beginning Work-in-Process: $3,000,000
   • Ending Work-in-Process: $4,500,000

Requirements:

• Calculate the equivalent units of production for materials and conversion costs.
• Determine the cost per equivalent unit.
• Prepare a cost reconciliation report.
• Analyze the impact of work-in-process on total costs.
• Recommend strategies to improve process efficiency.