Question 5: Kohli 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: Required: 1. Compute the equivalent units of production for materials and conversion costs. 2. Compute costs per equivalent unit for materials and conversion costs. 3. Determine the cost of units transferred out of the department during the month. 4. Prepare a cost reconciliation between the cost determined in part 3 above and the cost of beginning inventory and costs added during the month