! Required Information (The following information applies to the questions displayed below.) Timing Technology, Inc., manufactures timing devices. During 20x1, 2,000,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1, there were 370,000 units in work in process. These units were 46 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods Inventory consisted of 700,000 units. Materials 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, 20x1. A review of the inventory cost records disclosed the following information: Costs Direct Material Direct Labor Units 360,000 2,010,000 $ 320,000 Work in process, January 1, 20x1 (82% complete as to conversion) Units started in production Direct-material costs Direct-labor costs $ 320,400 $5,131,000 $4,562,550 Required: 1. Complete the following schedule as of December 31, 20x1, to compute the ph flow of units. Physical Units Total units to account for 0 Total units accounted for 0 2. Complete the following schedule as of December 31, 20x1, to compute the equivalent units of production using the weighted- average method. Equivalent Units Materials Conversion Physical Units 0 Total units accounted for Total equivalent units 0 0 3. Complete the following schedule as of December 31, 20x1, to compute the costs per equivalent unit for material and conversion. (Round "Cost per Equivalent Unit" to 2 decimal places.) Materials Conversion Total $ 0 0 0 Total costs to account for S 0 $ 0 $ 0 Equivalent units Costs per equivalent unit $ 0.00