Question 1 Muscat Corporation uses FIFO method in its process costing. The business reported the following data in respect to packaging Department for the month of September. The business at the beginning of the month, started to work on 1,000 works in process units with a cost of 15,000 OMR, 75% completed in respect to materials, 100% in respect to labor, and 25% in respect to overhead. During the month additional 8,000 units came into the department for a cost of 10,000 OMR in respect to material, 6,000 OMR in respect to labor and 8,000 OMR in respect to overhead. At the end of the month, the work-in-progress inventory was 1,500 units, 100% completed in respect to materials and 45% completed in respect to labor, and 55% in respect to overhead. Required: 1. Calculate number of completed and transferred out units. [1 mark] 2. Prepare Process Account for the month of September showing all the required calculation (steps]. [7 marks]