600 metric tonne of raw material, costing RM430,032, were input to a process in a period. Conversion costs totalled RM119,328. Losses, in the form of reject product, are normally 12% of input. Reject product is sold for RM26000 per metric tonne. 521 metric tonne of finished product passed inspection in the period. The remaining output was sold as reject product. There was no work-in-progress either at the beginning or the end of the period. Required: For the period:

(a) Calculate the cost per unit of normal output. [10 marks]

(b) Prepare the process account, including any abnormal losses/gains. [10 marks]

(c) Explain how the cost of the previous accounting periods equivalent units is assigned into the work-in-process inventory using the First-In, First-Out [FIFO] process-costing method. [6 marks]

(d) Briefly state a distinctive feature of the FIFO process-costing method when dealing with work done on opening inventory. [4 marks]