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Required Information

$[$The following information applies to the questlons displayed below.$]$

Timing Technology, Inc., manufactures timing devices. During $20$x$1,2,500,000$ units were completed and transferred to

finished$-$goods Inventory. On December $31,20$x$1,$ there were $420,000$ units in work in process. These units were $51$

percent complete as to conversion and $100$ percent complete as to direct materlal. Finished$-$goods Inventory consisted of

$1,000,000$ units. Materlals are added to production at the beginning of the manufacturing process, and overhead is

applied to each product at the rate of $100$ percent of direct$-$labor costs. There was no finished$-$goods inventory on January

$1,20$x$1.$ A revlew of the Inventory cost records disclosed the following information:

$4-$a$.$ Complete the following schedule as of December $31,20$x$1,$ to compute the cost of work$-$in$-$process Inventory.

$4-$b$.$ Complete the following schedule as of December $31,201,$ to compute the cost of finished$-$goods inventory.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req $4$A

Req $4B$

Complete the following schedule as of December $31,20$x$1,$ to compute the cost of finished$-$goods inventory. $($Round "Cost per

equivalent unit" to $2$ decimal places.$)$