Due Date: 16th January 2022 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. Opening Work in Progress Units 750 $ 4,090 Process 1 $2,000 Materials Added $1,000 Conversion Cost $1,090 Transfers from Process 1 18,600 67,340 Materials Added Conversion Costs 20,185 34,694 Normal Loss 400 Transfers to Warehouse 17,900 Closing Work in Progress 900 Stages of completion of Work in Progress Material Added Conversion Costs Closing 100% 65% All losses occur at the end of Process 2 and have no saleable value. REQUIRED: (a) Determine the equivalent units of production, and the cost per equivalent unit, for each element of cost. (b) Prepare the Process 2 account showing clearly both units and value