Questions: 1. (15 points) Munroe Falls Company uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 90% 40% Work in process, beginning: Units in process 400 Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost $ 756 Conversion cost $ 4,448 Units started into production during the month 13,000 Units completed and transferred out 13,000 Costs added to production during the month: Materials cost $ 29,949 Conversion cost $362,127 Work in process, ending: Units in process 100 Percent complete with respect to materials 50% Percent complete with respect to conversion 30% Required: Using the weighted-average method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of units transferred out of the department during the month. d. Determine the cost of ending work in process inventory in the department. e. Prepare a cost reconciliation report for the department