Pepsin Inc. produces canned sodas by processing its raw material through two processes. The output of Process A is passed to Process B where further material is added to the mix. You have been provided with the followinginformation, which relates to Process B for August 2021: Opening work-in-process: 23,400 units at a value of $625,365 Transfer of materials from Process A: $339,300 100% complete Added materials: $114,777 90% complete Conversion costs: $171,288 60% $625,365 Costs incurred during August 2021: Transfer of materials from Process B: $1,030,950 Added materias: $385.533 Conversion cost: $882 797 $2,299 275 During August 2021, 31,000 units were transferred to finished stock. Closing work-in-process: 13,500 units were in process at 31 August 2021 of which materials transferred from Process A was 100% complete, added materials 80% complete, and the conversion cost 40% complete. Required: (a) Using the first-in, first-out (FIFO) method of pricing for valuing opening work-in process, calculate the equivalent cost per unit for each element of cost. (b) Prepare the Process B account for August 2021, (c) Outline THREE differences between job order costing and process costing. (d) Distinguish between normal and abnormal losses and explain how their accounting treatment differs