Martin Company manufactures a single product. The company uses the weighted average cost method in its process costing system. Activity for June has just been completed. An incomplete production report for the first processing department follows: Units to be accounted for: Work in process, June 1 (all materials, 75% labour and overhead added last month) Started into production Total units Quantity Schedule 18,000 94,000 112,000 Total Whole Cost to be accounted for: Work in process, June 1 Cost added by the department Total cost (a) Equivalent units (b) Cost per EU, (a) + (b) Cost Materials $ 19,060 $14,300 128,440 63,400 $147,500 $ 77,700 112,000 Labour Overhead Unit $ 1,640 22,080 $ 23,720 $ 3,120 42,960 104,800 $ 46,080 104,800 0.44 = $1.36 $ 0.69 + $ 0.23 + $ Required: 1. Prepare a schedule showing how the equivalent units were computed for the first processing department. Equivalent Units (EU) Quantity Schedule Materials Labour Overhead Units accounted for as follows: Transferred to the next department 100,000 Work in process, June 30 (all materials, 40% labour and 12,000 overhead added this month) Total units and equivalent units of production 112,000 2. Complete the cost reconciliation part of the production report for the first processing department. (Round your intermediate calculations to 2 decimal places.) Cost accounted for as follows: Equivalent Units (EU) Total Cost Materials Labour Overhead Work in process, June 30: Total work in process Total cost