[The following information applies to the questions displayed below.] Timing Technology, Inc., manufactures timing devices. During 20x1, 2,700,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1, there were 440,000 units in work in process. These units were 45 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods inventory consisted of 1,134,000 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: Work in process, January 1, 20x1 (82% complete as to conversion) Units started in production Direct-material costs Direct-labor costs Costs Units Direct Material Direct Labor 430,000 $ 334,000 $ 327,400 2,710,000 $9,086,000 $7,207,400 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. Complete this question by entering your answers in the tabs below. Req 4A Req 4B Complete the following schedule as of December 31, 20x1, to compute the cost of work-in-process inventory. (Round "Cost per equivalent unit" to 2 decimal places.) Number of Equivalent Units Cost per Equivalent Unit Total Cost Materials Conversion Total cost of 12/31/x1 work in process < Req 4A Req 4B >