2. Department P had the following information regarding equivalent units of production, which were determined using first-in-first-out process costing method Equivalent Units of Production Units Materials Conversion Completed and Transferred (28,000 units) Work-in-process at the beginning Started and competed this period 8,000 20,00020,000 30% 20,000 Work-in-process at the end of the period 14,00014,000 8,400 Quantity Accounted for 42,000 34,000 32,400 The cost information is as follows: Total Cost MaterialConversion Cost Cost Work-in-process beginning Cost Added S3,000,000 S 2000000 S1,000,000 $18,000000 $10,500,000 $7,500,000 Required a) Using the first-in-first-out process costing method, determine (Please show your computations fully) 1) The cost of the 28,000 units completed and transferred, and (ii) The cost of work-in-process ending inventory b) Assuming that the weighted average costing method had been used to compute the equivalent What the equivalent units of production would have been for materials and units of production by Department P, determine conversion cost (Please show all your computations completely) and The cost per unit for materials and conversion. (ii)