Question 5 (8 marks) A new accountant has accidentally deleted some Process Costing data related to the production of a department for August in the management accounting information system. He can only retrieve the following data: Percent Completed Units Materials Conversion Work in process, August 1 35,000 100% 80% Work in process, August 31 (1) 100% (2) Units completed and transferred out in August 270,000 Work in process, August 1 $43,400 (3) Cost added during August $397,600 Equivalent units of production 315,000 Cost per equivalent unit (6) (7) Cost reconciliation Cost of beginning work in process inventory $63,700 Cost added to production during August. $585,200 Cost of ending work in process inventory $ (8) Cost of units transferred out in August.. $567,000 Required: Knowing that the company used weighed average method of process costing, help the accountant to compute the figure (1)-(8). Detailed schedules are not required