A product goes through two processes. Last month's data for process two was as follows:

Normal loss is 5% of input. All losses are fully processed and have a scrap value of $3 a litre. Closing work in progress is fully complete for material but is only 20% processed.

1,What is the value of the completed output? $

2,What is the value of the closing work in progress (to the nearest Material transferred

information,

from process one 3,200 litres at $5 a litre

Conversion costs8,500

Output transferred to finished goods 2,800 litres

Closing work in progress 100 litres.

sir or mam can you please help me to solve this problem step by step.