Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the work-in-process account of the first of Johnson Company's four departments used in manufacturing its only product for October of 2019. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material $15,500 Conversion costs 9,600 Transferred to department 2: (20,000 units) (a) Direct material (21,000 units) 157,000 Direct labor 145,200 Manufacturing overhead 48,135 Ending balance [(b) units, 25% complete] (C) Assuming that Johnson uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Johnson Company Department 1 Equivalent Units Calculations, October 2019 Equivalent Units % Work Direct % Work done Materials Done 20,000 100 % 20,000 100 % 3,000 100 % 3,000 25 % 23,000 23,000 Complete/Transferred Ending Inventory b. Total Conversion Costs 20,000 750 20,750 Product Cost Report Direct Conversion Materials Costs Beginning Inventory $ 25,100 $ 15,500 $ 9,600 Current 351,000 X 157,500 x 193,500 x Total Costs to Account For $ 376,100 x $ 173,000 X $ 203,100 X Total Equivalent Units 23,000 20,750 Average cost / Equivalent unit (round 2 decimal places) $ 7.5217 x $ 9.788 X Complete / Transferred: Direct Materials $ 150,435 x Conversion costs 195,759 X Cost of Goods Manufactured $ 346,194 x a. Ending Inventory: Direct Materials 22,565 x Conversion costs 7,341 x Cost of Ending Inventory $ 29,906 x C. Total Costs Allocated $ 376,100 x