Exercise 4-9 Cost Assignment; Cost Reconciliation-Weighted-Average Method [LO2, LO4, LO5] Kenton Industrial Corporation uses the weighted-average method in its process costing system. During April, the Baker Assembly Department completed its processing of 18,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during April amounted to $855,000 in total. The ending inventory in April consisted of 1,500 units, which were 90% complete with respect to materials and 40% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 24.00 $ 7.00 $ 14.00 -------------------------------------------------------------------------------- Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month. Materials Labor Overhead Equivalent units in ending inventory -------------------------------------------------------------------------------- 2. Compute the cost of ending inventory and of the units transferred to the next department for April. (Omit the "$" sign in your response.) Materials Labor Overhead Total Cost of ending inventory $ $ $ $ Cost of units completed and transferred out $ $ $ $ -------------------------------------------------------------------------------- 3. Prepare a cost reconciliation for April. (Note: You will not be able to break the cost to be accounted for into the cost of beginning inventory and costs added during the month.) (Omit the "$" sign in your response.) Cost Reconciliation Total cost to be accounted for $ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Costs accounted for as follows: (Click to select)Cost of beginning work in process inventoryCosts added to production during the periodCost of ending work in process inventory $ (Click to select)Costs added to production during the periodCost of units completed and transferred outCost of beginning work in process inventory -------------------------------------------------------------------------------- Total cost accounted for $