Required: 1. Complete the following schedule as of December 31. 20x1, to compute the physical flow of units. Total units to account for Total units accounted for 2. Complete the following schedule as of December 31, 20x1. to compute the equivalent units of production using the weighted average method. 'otal units accounted for 0 'otal equivalent units 0 0 \f4-a. Complete the following schedule as of December 31, 20x1, to compute the cost of workin-process inventory. 4-b. Complete the following schedule as of December 31, 20x1, to compute the cost of finishedgoods inventory. Complete this question by entering your answers in the tabs below. Req 4A Req 43 Complete the following schedule as of December 31, 20x1, to compute the cost of workinprocess inventory. (Round "Cost per equivalent unit" to 2 decimal places} Materials Conversion Total cost of 12f31ix1 work in process 4-a. Complete the following schedule as of December 31, 20x1. to compute the cost of workinprocess inventory. 4-b. Complete the following schedule as of December 31, 20x1, to compute the cost of finished-goods inventory. Complete this question by entering your answers in the tabs below. Req 4A Complete the following schedule as of December 31, 20x1, to compute the cost of finishedgoods inventory. (Round "Cost per equivalent unit" to 2 decimal places.) Number of units completed Cost per equivalent unit Cost of goods completed and transferred out Finished goods inventory (units) Cost of nished goods inventory Required information {T he foiiowing information appiies to the questions displayed beiow] Timing Technology, Inc, manufactures timing devices. During 20x1, 2,600,000 units were completed and transferred to nishedgoods inventory. On December 31, 20x1, there were 430,000 units in work in process. These units were 52 percent complete as to conversion and 100 percent complete as to direct material. Finishedgoods inventory consisted of 1,066,000 units. Materials are added to production at the beginning ofthe manufacturing process, and overhead is applied to each product at the rate of 100 percent of directrlabor costs. There was no nishedsgoods inventory on January 1, 20x1. A review of the inventory cost records disclosed the following information: Costs Direct Direct Units Material Labor Work in process, January 1, 28x1 (81% complete as to conversion) 428,888 $ 332,888 $ 326,488 Units started in production 2,618,888 Direct-material costs $8,455,888 Directlabor costs $6,873,788