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 and started in Process 2 Completed and transferred out Work-in-process, 31 March 21.000 84,000 73,500 31,500 30% 40% Transferred-in from Process 1 () Costs for March Work-in-process, 1 March Added during the mouth 120,000 462,000 Materials (S) 19,000 264,600 Conversion (5) 17.000 183,750 It is the company's policy to adopt FIFO method in its process costing system. (c) Determine the total cost of ending work-in-process inventory and the total cost of units transferred to finished goods in March. (6 marks) (d) Briefly explain how the adoption of a lean manufacturing approach affects process costing, (3 marks) (e) 'Normal loss is included in the cost of good output units, while abnormal loss is recorded as a period cost. Comment on this statement. (4 marks) [Total for Question 2: 20 marks]