Hclox, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for: Work in process, April 1 (60% materials, 75% conversion cost added last month) 20,000 Started into production 180.000 Total units 200,000 Materials Conversion Units accounted for as follows: Transferred to the next process 190,000 Work in process, May 31 (all materials, 60% conversion cost added this month) 10.000 Total units 200.000 Costs in the beginning work-in-process inventory of the first processing department were materials, $4,000, and conversion cost, $14,200. Costs added during the month were materials, $56,000, and conversion cost $360,360. EUS Materials Conversion Units accounted for as follows: Transferred to the next process 190,000 _?_ Work in process, May 31 (all materials, 60% conversion cost added this month) 10.000 ? Total units 200 000 ? Costs in the beginning work-in-process inventory of the first processing department were materials, $4,000, and conversion cost, $14,200. Costs added during the month were materials. $56,000, and conversion cost, $360,360. Required: 1. Assume that the company uses the weighted average cost method of accounting for units and costs. Determine the equivalent units for the month for the first process. 2. Compute the costs per equivalent unit for the month for the first process. (This exercise should be assigned only if Exercise 4-4 is also assigned.) Refer to the data for Helox, Inc. in Exercise 4-4 and to the equivalent units and costs per equivalent unit you have computed there. Required: Complete the following cost reconciliation for the first process: Cost Reconciliation EUS Total Cost Materials Conversion Cost accounted for as follows: Transferred to the next process: (? units $?) $2 Work in process, May 31: Materials, at per EU ? ? Conversion, at per EU Total work in process Total cost