2. Stark Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process. Stage of completion with respect to materials Stage of completion with respect to conversion.. 200 70% 10% Costs in the beginning inventory: Materials cost..... $856 Conversion cost $1,608 Units started into production during the month 18,000 Units completed and transferred out..... 17,700 Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process $126,569 $695,432 500 Stage of completion with respect to materials Stage of completion with respect to conversion... 75% 85% Required: (15 Marks) 1. Using the weighted-average method, determine the equivalent units of production for materials and conversion. 2. Compute the costs per equivalent unit for materials and conversion. 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Department during the month. 4. Prepare a cost reconciliation report