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 24,500 107,000 Total units 131,500 Total Cost Whole Unit Materials Labour Overhead Cost to be accounted for $ 34,660 27,300 $ 2,680 $ 4,680 Work in process, June 1 Cost added by the department 29,880 32,560 120,400 163,540 79,000 $198,200 $106,300 131,500 54,660 $59,340 120,400 Total cost (a) Equivalent units (b) Cost per EU, (a) +(b) $ 0.81 + $ 0.27 + $ 0.49 $1.57 Required 1. Prepare a schedule showing how the equivalent units were computed for the first processing department. Equivalent Units (EU) Quantity Materials Labour Schedule Units accounted for as follows Transferred to the next department Work in process, June 30 (all materials, 40% 113,000 18,500 131,500 labour and overhead added this month Total units and equivalent units of production 0 2. Complete the cost reconciliation part of the production report for the first department. (Round your intermediate calculations to 2 decimal places.) Equivalent Units (EU) Total Cost Materials Labour Overhead Cost accounted for as follows: Work in process, June 30: Total work in process Total cost 0