Safari File Edit View History Bookmarks Window Help 8 70% Sat 9:00 PM QE . . . ezto.mheducation.com C + Home Microsoft Office Home Question 4 - Week 3 Assessment Problems - Connect Course Hero CH 4 Practice Homework.xIsx : MGMT E1600 : Harvar... + Week 3 Assessment Problems i Saved Help Save & Exit Submit Paste Check my work 21 4 Required information Part 4 of 4 Problem 4-25 Step-by-Step Weighted-Average Process Costing (LO 4-3, 4-4, 4-5) [The following information applies to the questions displayed below.] 8.33 Timing Technology, Inc., manufactures timing devices. During 20x1, 3,000,000 units were completed and transferred to points finished-goods inventory. On December 31, 20x1, there were 470,000 units in work in process. These units were 48 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods inventory consisted of 02:58:13 1,350,000 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 Skipped 1, 20x1. A review of the inventory cost records disclosed the following information: Costs Direct Direct 22 eBook Units Material Labor Work in process, January 1, 20x1 Print (85% complete as to conversion) 460, 000 $ 340 , 000 330, 400 Units started in production 3, 010, 000 References Direct-material costs $11, 111, 000 Direct-labor costs $8, 540, 000 Problem 4-25 Part 4 4-a. Complete the following schedule as of December 31, 20x1, to compute the cost of work-in-process inventory. 4-b. Complete the following schedule as of December 31, 20x1, to compute the cost of finished-goods inventory. Mc Graw Slide FEB 3 ... C 12 " tv