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) Started into production 16,500 91,000 Total units 107,500 Total Cost Materials Labour Overhead Whole Unit Cost to be accounted for: Work in process, June 1 Cost added by the department $ 15,460 120,340 $ 11,300 59,800 $ 1,400 20,280 $ 2,760 40,260 Total cost (a) $135,800 $ 71,100 $ 21,680 $ 43,020 Equivalent units (b) Cost per EU, (a) + (b) 107,500 $ 0.66 101,200 + $ 0.21 101,200 + $ 0.43 $1.30 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 97,000 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 10,500 107,500 0 0 0 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 Cost accounted for as follows: Work in process, June 30: Total work in process 0 Total cost $ 0 OCT 12