Problem 4-25 Part 3 3. Complete the following schedule as of December 31, 20x1, to compute the costs per equivalent unit for material and conversion. (Round "Cost per Equivalent Unit" to 2 decimal places.)Problem 4-25 Part 4 4-a. Complete the following schedule as of December 31, 20x1, to compute the cost of work-in-process inventory. 4-b. Complete the following schedule as of December 31, 20x1, to compute the cost of finished-goods inventory.Required information Problem 4-25 Step-by-Step Weighted-Average Process Costing [LO 4-3, 4-4, 4-5) {The foo wing information appfies to the questions displayed befow} Timing Technology. Inc.. manufactures timing devices. During 20x1. 1,300,000 units were completed and transferred to nished-goods inventory. On December 31. 20x1. there were 340,000 units in work in process. These units were 51 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods inventory consisted of 5:14.000 units. Materials are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate of 100 percent of direct-labor costs. There was no nished-goods inventory on January 1, 2011. A review of the inventory cost records disclosed the following information: Costs Direct Direct Units Material. Labor work in process,I January 1, 2011 (83% complete as to conversion] 330,033 $ 314.060 $ 31?,433 Units started in production 1.?l, Directmaterial costs $3,?56.BBB Direct-labor costs $3,616,743