QUESTION 2: Rachel Co. operates a weighted average process costing method. The following information is available for Process 2 in September 20X0: Opening WIP (300 units) Degree of completion $ Materials 100% 3,300 Labor 60% 4,000 Overheads 50% 2,700 Value of opening WIP 10,000 During September 20X0, 3,000 units were transfered from process 1 at a valuation of $33,000. There was no added material. Labor cost was $42,000 and production overheads was $31,000. Closing inventory at 30th Sep 20x0 amounted to 500 units which were 100% complete with respect to process 1 materials, X1 % complete with respect to labor and X2 % to overheads. Required: Scanned with CamScanner 15 15 18/6 21 the Choose appropriate degree of completion for X1, X2? Prepare Process 2 account for September 20X0