Question 4 1ti Marks :21] Minutes} The 1ilr'ireUne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied. Selected data relating to the Weaving Department during May are given below: Production data: Kilograms in process, May 1: Materials lilil'lrE. complete, conversion 30% complete 85,{lllll Kilograms started into production during May 365,l} Kilograms completed and transferred to Coating '? Kilograms in process, May 31: Materials 65% complete, conversion 30% complete 5530-0 Cost data: Work in process inventory, May 1: Materials cost $101,0 Conversion cost . $51,000 Cost added during May: Materials cost $462,000 $213,!l Conversion cost The company uses the weighted-average method. Required: 1. Compute the equivalent units of production. {5 Marks) 2. Compute the costs per equivalent unit for May. (rounded to 2 decimal places} {4 Marks) 3. Determine the cost of ending work in process inventory and of the units transferred to the Coating Department. (6 Marks}