Question 3 (a) Pfizer-Power16 uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning: Units in process.. Stage of completion with respect to materials 800 60% Stage of completion with respect to conversion.......... 10% Costs in the beginning inventory: Materials cost RM1,501 Conversion cost. RM2,716 Units started into production during the month 16,000 Units completed and transferred out.. 16,100 Costs added to production during the month: Materials cost. RM47,076 Conversion cost RM497,213 Work in process, ending: Units in process Stage of completion with respect to materials. ? 60% Required: Stage of completion with respect to conversion........... 70% (a) Prepare a schedule of equivalent unit. (5 marks) (b) Compute the cost per equivalent unit. (5 marks) (c) Compute the costs of goods transferred out and the cost of ending work in process. (5 marks) (d) "Job costing and process costing have the same flow of costs." Discuss. (5 marks) Total: 20 marks