Problems 1. Kleen Ltd produces a liquid cleaner for floors. At the beginning of October, 40,000 litres of liquid cleaner were in process. 100% complete as to raw material and 60% complete as to conversion costs. During the month, the company started 420,000 litres of liquid cleaner in production. At the end of the month, 50,000 litres of liquid cleaner were in work in process inventory, 100% completed as to raw materials and 40% completed in terms of conversion costs. Assume that following costs were recorded by Kleen Ltd for the beginning work in process and the production performance for October: Beginning inventory: Raw materials costs Conversion costs 22,000 16,800 October production costs: Raw materials costs Conversion costs 231,000 284,200 Required a) Prepare a schedule analysing the physical flow of units and calculating the equivalent units of both direct material and conversion for October. Use weighted average process costing b) Calculate the unit cost for each litre of liquid cleaner c) Determine the total costs of the litres of liquid cleaner finished during October. What is the balance of the e nding work in process inventory