A company manufactures a single product which requires two separate process operations in the course of manufacture. The output from Process 1 is transferred to Process 2 for completion.

The following information relates to Process 2 for a period:

Units RM

Transfers from Process 1 18,600 78,000

Materials added 87,750

Conversion costs 57,555

Normal loss 400

Transfers to warehouse 17,900

Closing work-in-progress 900

Stage of completion of work-in-progress:

Closing

Materials added 100%

Conversion costs 65%

All losses occur at the end of Process 2 and have no saleable value.

REQUIRED

For Process 2 for the period:

(a) determine the equivalent units of production, and the cost per equivalent unit, for each element of cost

(Table 1, 2 and 3)