The WireOne Company manufactures high

$-$

quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied.

$$

Selected data relating to the Weaving Department during May are given below:

$$

$$

Production data:

Kilograms in process, May

$1$

$($

materials

$1$

$0$

$0$

$\%$

$$complete; conversion

$8$

$0$

$\%$

$$complete

$)$

$1$

$1$

$6$

$,$

$0$

$0$

$0$

$$

Kilograms started into production during May

$3$

$8$

$6$

$,$

$0$

$0$

$0$

$$

Kilograms completed and transferred to Coating

$?$

$$

Kilograms in process, May

$3$

$1$

$($

materials

$6$

$5$

$\%$

$$complete; conversion

$3$

$0$

$\%$

$$complete

$)$

$6$

$0$

$,$

$0$

$0$

$0$

$$

Cost data:

Work in process inventory, May

$1$

:

Materials cost $

$5$

$6$

$,$

$8$

$4$

$0$

$$

Conversion cost $

$1$

$0$

$2$

$,$

$0$

$8$

$0$

$$

Cost added during May:

Materials cost $

$5$

$6$

$8$

$,$

$4$

$6$

$0$

$$

Conversion cost $

$3$

$2$

$1$

$,$

$1$

$2$

$0$

$$

$$

The company uses the weighted

$-$

average method.

$$

Required:

$1$

$.$

$$Compute the equivalent units of production

$2$

$.$

$$Compute the costs per equivalent unit for May.

$($

Round your answers to

$2$

$$decimal places.

$)$

$3$

$.$

$$Determine the cost of ending work in process inventory and of the units transferred to the Coating Department.

$($

Round intermediate calculations to

$2$

$$decimal places, and final answers to the nearest whole dollar.

$)$

$4$

$.$

$$Prepare a cost reconciliation between the costs determined in

$($

$3$

$)$

$$above and the cost of beginning inventory and costs added during the period.

$($

Round intermediate calculations to

$2$

$$decimal places, and final answers to the nearest whole dollar.

$)$

Cost Reconciliation

Costs to be accounted for:

Cost of beginning work in process inventory

Costs added to production during the period

Total cost

Costs accounted for as follows:

Transferred to the Coating Department

Work in process, May

$3$

$1$

$$

Materials

Conversion

Total ending Work in process

Total cost