Problem No. 1 - Process Costing CBA Company produces a product that undergoes three processes and the completed items at the end of process 3 are the items to be sold to customers. For November 2021, CBA company presented the following costs on theses processes: Costs incurred: Process 1 Process 2 Process 3 Materials P300,000 P240,500 P184,400 Labor 198,000 168,875 139,200 Overhead 158,400 135,100 111,360 Materials added 100% at the beginning of the process. 40% at the 40% at the beginning of the process, and the remaining 60% is added at 60% conversion. beginning of the process, another 30% at 70% conversion, and the remaining 30% is added at 90% conversion. Started/Transferred in (units) In process, beginning (units) 100,000 98,000 94,000 0 0 0 98,000 94000 88,000 Completed and transferred out (units) In process, ending (units) ? ? ? In Process, end (rate of 50% 50% 60% conversion) Normal loss (units) Abnormal loss (units) 0 1,000 1,800 0 0 1,200 Quality control Inspection At the end of each process. Requirement: Prepare a cost of production report and determine the average unit cost of the units transferred out in each process.