2 (40 marks) Namibia Cleaning Agents ("NCA") is a company based in Okahandja that produces and sells a cleaning agent. Due to the sophistication of the production process, NCA uses a process costing system to value its inventory. The production requires that inspection is done at the end of the process and a normal loss of 5% is anticipated at inspection. The following information relates to the production process for July 2022: Opening inventory of work in progress (25% completed) Units introduced Units transferred to assembly department Closing inventory of work in progress (85% completed) Opening Material Conversion Cost incurred in current period: Material Conversion Units 105 000 225 000 270 000 30 000 Cost (N$) 487 500 192 000 840 000 2 700 000 Page 10 of 16