Martin Company manufactures a single product. The company uses the weighted average cost method in its process costing system. Activity for June has just been completed. An incomplete production report for the first processing department follows: Quantity Schedule Units to be accounted for: Work in process, June 1 (all materials, 75% labour and overhead added last month) 21,000 Started into production 100,000 Total units 121,000 Total Cost Materials Labour Overhead Whole Unit Cost to be accounted for: Work in process, June 1 Cost added by the department Total cost (a) Equivalent units (b) Cost per EU, (a) + (6) $ 26, 260 $ 20,300 144,640 70,600 $170,900 $ 90,900 121,000 $ 0.75 $ 2,120 25,680 $ 27.800 112,000 + $ 0.25 $ 3,840 48,360 $ 52,200 112,000 +$ 0.47 = $1.47 1. Prepare a schedule showing how the equivalent units were computed for the first processing department Equivalent Units (EU) Quantity Schedule Materials Labour Overhead Units accounted for as follows: Transferred to the next department Work in process, June 30 (all materials, 40% labour and overhead added this month) Total units and equivalent units of production 106,000 15,000 121,000 Helox, Inc. manufactures a product that passes through two production processes. A quantity schedule for a recent month for the first process follows: Quantity Schedule Units to be accounted for Work in process, April 1 (60% materials, 75% conversion cost added last month) 20,000 Started into production 180,000 Total units 200,000 190,000 Units accounted for as follows: Transferred to the next process Work in process, May 31 (all materials, 60% conversion cost added this month) Total units Equivalent Units (EU) Materials Conversion 190,000 190,000 10.000 6,000 200,000 196,000 10,000 200,000 Costs in the beginning work-in-process inventory of the first processing department were materials, $4,000, and conversion cost $14,200. Costs added during the month were materials, $56,000, and conversion cost, $360,360. Required: Complete the following cost reconciliation for the first process: (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Required: Complete the following cost reconciliation for the first process: (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Cost Reconciliation Total Cost Equivalent Units (EU) Materials Conversion Cost accounted for as follows: Transferred to the next process Work in process, May 31: Materials Conversion Total work in process Total Cost Equivalent Units (EU) Materials Conversion Cost accounted for as follows: Transferred to the next process Work in process, May 31: Materials Conversion Total work in process Total units 0 0 $ $ 0 0