Superior Micro Products uses the weighted-average method of process costing. During January, the Assembly Department completed...

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Superior Micro Products uses the weighted-average method of process costing. During January, the Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January totaled $706,840. The ending work in process inventory in January consisted of 3,300 units, which were 70% complete for materials and 50% complete for labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit Required: Materials $ 14.00 Labor $ 5.20 Overhead $6.40 For January: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total. 4. Prepare a cost reconciliation report. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a cost reconciliation report. Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month. Cost Reconciliation Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units completed and transferred out Total cost accounted for 0: 0 Superior Micro Products uses the weighted-average method of process costing. During January, the Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January totaled $706,840. The ending work in process inventory in January consisted of 3,300 units, which were 70% complete for materials and 50% complete for labor and overhead. The costs per equivalent unit for the month were as follows: Cost per equivalent unit Required: Materials $ 14.00 Labor $ 5.20 Overhead $6.40 For January: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total. 4. Prepare a cost reconciliation report. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a cost reconciliation report. Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month. Cost Reconciliation Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units completed and transferred out Total cost accounted for 0: 0