Question 1: Company Cuses Process Costing system. Data about Company C is given below: Required: Calculate Costs ofWIP Inventory-Shaping, WIP Inventory-Insertion and Finished Goods Inventory Data for May Shaping Department Insertion Department Units: Beginning Work in Process 10.000 units Production started 40.000 units Transferred in From Previous ? Department Completed Goods Inv. 30.000 units 35.000 units Ending WIP Iny 10.000 units 5.000 units Comp. as to Direct Material % 50 % 60 Comp. as to Convers. Work % 25 % 50 Costs: Beginning Work in Process S 50.000 Transferred in from Previous ? Department Direct Materials Added $105.000 $ 76.000 Conversion Costs Added $65.000 $ 75.000