2 The Bucks Sdn Bhd produces clear syringes for hospitals in a process that starts in the Cast Department. Data relating to the department's operations is of below: Beginning work in process: Units in process 200 Materials percentage of completion 80% Conversion percentage of 40% completion Units started into production 5,00 0 Units completed and transferred out ? Normal Losses 960 Abnormal Losses 100 Ending work in process: Units in process 400 Materials percentage of completion 40% Conversion percentage of 25% completion Normal and abnormal losses are identified at the end of the production process. The Bucks uses the FIFO methods in its process costing system. Required: a. Prepare for the production cost report. (17 marks) b. Explain two similarities between Job and Process Costing. c. Give 2 conditions where it would be appropriate to use a process costing system. (4 marks) (4 marks) (Total Marks: 25 marks)