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: Quantity Schedule Units to be accounted for Work in process, June 1 (all materials, 75% labour and overhead added last month) 26.000 Started into production 110,000 Total units 136,000 Total Cost Whole Unit Materials Labour Overhead Cost to be accounted for Work in process, June 1 Cost added by the department Total cost(a) $ 38 260 171,640 $ 30,300 82,600 $ 2,920 31,680 $ 5,040 57,360 $209,900 $112.900 $ 34,600 $ 62,400 Equivalent units (b) Cost per EU, (a) (b) 136.000 5 083 124.000 $ 028 124 000 $ 0.50 $1.61 Required: 1. Prepare a schedule showing how the equivalent units were computed for the first processing department Equivalent Units (EU) Materials Labour Overhead Quantity Schedule 116 000 116.000 116 000 Units accounted for as follows Transferred to the next department Work in process, June 30 (all materials, 40% labour and overhead added this month) Total units and equivalent units of production 116,000 20,000 135.000 20.000 136.000 8,000 124 000 8,000 124,000 Required: 1. Prepare a schedule showing how the equivalent units were computed for the first processing department Quantity Schedule Equivalent Untu Materials Labour Overhead 116 000 116.000 Units accounted for as follows: Transferred to the next department Work in process, June 30 (all materials, 40% labour and overhead added this month) Total units and equivalent units of production 110,000 20,000 136,000 116,000 8.000 20,000 136,000 8,000 124,000 124,000 2. Complete the cost reconciliation part of the production report for the first processing department (Round your intermediate calculations to 2 decimal places.) Equivalent Units (EU) Materials Labour Overhead Total Cost 16 000 Cost accounted for as follows: Transferred to the next department Work in process, June 30 Materials Labour Overhead Total work in process Total cost 2.240 4,000 0 $