PC Co makes a product in two processes. The following data is available for the latest period, for process 1.

Opening work in progress of  200 units was valued as follows.

Material $2,400 Labour $1,200 Overhead $400 No losses occur in the process.

Units added and costs incurred during the period:

Material $6,000 (500 units)

Labour $3,350 Overhead $1,490 Closing work in progress of 100 units had reached the following degrees of completion:

Material 100%

Labour 50%

Overhead 30%

PC Co uses the weighted average method of inventory valuation.

(a) How many equivalent units are used when calculating the cost per unit in relation to overhead?

A 500 B 600 C 630 D 700

(b) The value of the units transferred to process 2 was A $7,200 B $13,200 C $14,840 D $15,400