A chemical producer manufactures Product XK by means of two successive processes, Process 1 and Process 2. The information provided below relates to the most recent accounting period, period 10. Material input during period 2, 400 units, cost @ exist5, 280 Nil Added material exist9, 460 Direct labour exist2, 260 exist10, 560 Factory overhead 100% of labour cost 2/3 of labour cost Transfer to Process 2 2, 200 units Transfer to finished goods 2, 200 units Closing WIP 200 units Nil Material (100% complete) and Conversion cost (30% complete) a) Calculate the value of the goods transferred from Process 1 to Process 2 during period 10 and the value of the closing work-in-progress left in Process 1 at the end of period 10. b) Calculate the value of the goods transferred from Process 2, to finished goods, during period 10 and the value of 1 unit of production