Question 3 Horiron manufacturing company uses the weighted-average method in its process costing. The following data relate to its formulation Department for July 5000 units WIP (Material 100 complete, Conversion 60 complete), July 1. Material cost WIP inventory July 1 Conversion cost WIP inventory July 1 $25000 $45000 10000 units 160000 155000 WIP (Material 100% complete. Conversion 40 complete) July 31. Units started into production Units completed and transferred to the next production department Material cost added during the month Conversion cost added during the month 74000 375000 Required: a. Determine the equivalent units of production for the formulation Department for July using the weighted-average method. (3 Marks) b. Calculate the material and conversion cost per equivalent unit (3 Marks) c. Determine the total cost of ending work in process inventory 12 Marks) d. Determine the total cost unit transferred to the next process. 12 Marks)