A company manufactures a produce by means of two successive processes, Process 1 and Process 2. The following relates to the period just ended. Process 2 Opening WIP Transfer from Process 1 Material added Conversion costs Transfer to finished goods warehouse Closing WIP (c) Units Nil 2,160 1,950 210 The work-in-progress at the end of the period was 80% complete with respect to material added and 40% with respect to conversion costs in Process 2. 

Required: Calculate for the period the: (a) (b) Cost $ Nil 22,032 5,295 8,136 Production cost per equivalent unit of the product. Value of the transfer to the finished goods warehouse. Value of the closing work-in-progress in Process 2