Question: Camel Co. uses the weighted-average method in its process costing system. The following data concern the operations of the companys first processing department for July.

  1. Camel Co. uses the weighted-average method in its process costing system. The following data concern the operations of the companys first processing department for July. Camel Co. uses the weighted-average method in its process costing system.

1. Camel Co. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for July. Work in process, beginning: Units in process 400 Percent complete with respect to materials 90% Percent complete with respect to conversion 70% Units started into production during the month 18,000 Work in process, ending: Units in process 600 Percent complete with respect to materials 80% Percent complete with respect to conversion 40% Materials Conversion Work in process, beginning $ 42,000 $ 8,500 Cost added during July $ 214,600 $ 131,500 Required: 1. Calculate the equivalent units of production for materials and conversion in July. 2. Calculate the Department's cost per equivalent unit for materials and conversion in July. 3. Calculate the Department's cost of ending work in process inventory for materials, conversion, and in total for July. 4. Calculate the 1st Department's cost of units transferred out to the 2nd Department for materials, conversion, and in total for July. 5. Prepare a cost reconciliation report for the Department for July

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