PROBLEM 5 Franken Chemicals produces a solvent in its Thorn plant. Three chemicals are process and blended under pressure for a period of time. At the 5% completion, an additional chemical is added. The following informatio gathered: icals are combined at the start of the riod of time. At the 75% point of he following information has been Chemical Mix $5,000 65,000 Additional Chemical BWIP Added Conversion Cost $3.000 35,000 Gallons 10,000 100.000 -0- 15,000 Franken completed 98.000 gallons during the month. The process engineer informs you that the beginning WIP was at the 30% completion point, the ending WIP is at 70%. Franken uses weighted average costing. Required: (HINT: use 4 decimal places in your calculations) a. Compute the equivalent units of production for each input. b. Compute the cost per unit. c. Compute the cost transferred out to finished goods. d. Compute the ending work-in-process inventory balance