Question 2: Process costing (20 marks) CWB Inc., manufactures a chemical product through three processing stages prior to completion. Information on work in the first department is given below for May: The company uses the weighted-average method. Required (show your calculation): 1. Compute the equivalent units of production (4 marks). 2. Compute the costs per equivalent unit for the month. (Round your answers to 2 decimal places; 6 marks). 3. (a) Determine the cost of ending work in process inventory ( 5 marks). (b) Determine the cost of units transferred out to the next department (5 marks). Round cost per equivalent unit to 2 decimal places. Round final answers to the nearest dollar amount)