Problem 1 Department 2 The October data for CPA Company are shown below: Department 1 Units started in process 25,000 Units received from previous department Units transferred to finished goods inventory Units completed but not transferred Ending units in process 10,000 (80% direct conversion Materials, 65% costs) Costs added by department Direct materials P12, 650 Direct Labor 13,545 Manufacturing Overhead (applied) 5,160 15,000 7,000 1,000 7,000 (75% Conversion costs) P9,805 6,625 Required: For both departments: 1. Compute equivalent unit of production 2. Prepare a separate cost of production report