2 Dynamite Soaps Co. manufactures liquid detergents and uses a process costing system for product costing and stock valuation. The data below relates to the company's process for the month of January 2022. There was no opening work in process (WIP) for January 2022. Units introduced into the process Units completed and transferred to finished goods stock Normal loss units 4,500 3,500 300 Closing WIP of 700 units was completed as follows: Material 100% Labour 50% Production overhead 50% Cost introduced into the process: Material Labour Production overhead RM25,000 RM15,000 RM10.000 Losses are recognized at the end of the production process and are sold for RM3.00 per unit. Required: (a) Compute the equivalent units and cost per equivalent unit (rounded to 4 decimal points) for January 2022 for the process above. (b) Prepare the cost allocation for the process above. (14 marks) (5 marks) (c) Describe the differences between normal and abnormal losses and explain how their accounting treatment differs. (6 marks) [Total: 25 Marks]