Answer required 1&2 provide calculations and explanations

8). Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (10 marks) Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow: Litres Materials Labour Overhead Work in process, 80,000 $68,600 $30,000 $48,000 June 1 Litres started in 760,000 process Litres transferred 790,000 out Work in overhead rates process, 50,000 Cost added during $907,200 $370,000 $592,000 June The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to labour and overhead. The ending work in process inventory was 60% complete with respect to materials and 20% complete with respect to labour and overhead. Required: Assume that the company uses the weighted-average method of accounting for units and costs. 1. Compute the equivalent units for June's activity for the first department. 2. Determine the costs per equivalent unit for June. (Round your answers to 2 decimal places.)