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 24,000 106,000 Total units 130,000 Total Cost Whole Unit Materials Labour Overhead Cost to be accounted for $ 2,600 Work in process, June 1 Cost added by the department $ 33,460 26,300 $ 4,560 29,280 $ 31,880 119,200 160,840 77,800 $194,300 $104,100 130,000 53,760 58,320 119,200 Total cost (a) Equivalent units (b) Cost per EU, (a)-(b) $ 0.80 S 0.27 +$ 0.49- $1.56