Question 2 (37 marks) Windhoek Processors Ltd (\"Windhoek Processors\") produces purple widgets, which require processing through multiple production departments. The first department in the process is the casting department, where the widgets are initially created. The widgets then move to the trimming department for further work. During the month of July 2023, the casting department incurred N\\$222 750 of direct material costs and N\\$141 050 of conversion costs (comprised of direct labor and factory overhead). Further information relating to the Casting department for July 2023 are as follows: Additional information: - The Work-In-Progress on 31 July 2023 is \100 complete (material) and \80 complete (conversion). - Materials are added at the beginning of the process. - Inspection for losses takes place when the process is \80 complete. Normal loss is \5 of the units that reached the inspection point. - It is the company's policy to value its inventories on the basis of First-In-First-Out (FIFO)