Question 1 Consider the opening inventory below: a) Compute the Equivalent units according to the Weighted Average Method (5 Marks) Question 2 Assume the following Information for August 2023 Material is added at the beginning of Process 2 when the input is received from process 1 . Conversion costs are incurred continuously and evenly in the process. a) Calculate the equivalent units of process 2 (4 Marks) b) Calculate the cost per unit for the cost groups (6 Marks) Assume that the following details refer to Process Bottling for March 2023. Determine a) The opening and closing inventory using the Weighted Average Method (20 Marks) b) Prepare a cost statement showing the opening inventory, current period and the average cost per unit (15 Marks) c) Prepare a cost allocation statement (10 Marks)