Question 2 (20 marks) Susan Company produces a product called "N96 which required to go through two processes, Process 1 and Process 2. The following information relates to Process 2 for the month of March 2020: Units Percent Completed Materials Conversion 80% 60% Work-in-process, 1 March Transferred from Process 1 and started in Process 2 Completed and transferred out Work-in-process, 31 March 21.000 84.000 73,500 31.500 30% 40% Conversion (S) 17.000 183.750 Costs for March Transferred-in from Process 1 (S) Materials (S) Work-in-process, 1 March 120,000 19,000 Added during the month 462,000 264,600 It is the company's policy to adopt FIFO method in its process costing system. Required: (a) Determine the equivalent units for transferred-in from Process 1, materials and conversion for March (4 marks) (b) Determine the cost per equivalent unit for transferred-in from Process 1. materials and conversion for March