Question 4 (20 Marks) The Caring Pharmaceutical manufactures a high-end after-shave lotion, called Masculine, in 10-ounce plastic bottles. The market for after-shave lotion is highly competitive. Thus, the company is very concemed about keeping its costs under control in order to remain its competitiveness. The lotion passes through three processes: mixing, filling and corking. Materials are added at the beginning of each of the processes, and labor and overhead are incurred uniformly throughout each process. A partially completed production cost report for the month of May for the Mixing Department is shown below: Particulars Units RM Opening work-in progress 2,000 Materials (100%) 80,000.00 Labour (80%) 15,000.00 Overheads (80%) 45,000.00 Materials introduced 38,000 1,480,000.00 Direct Labour 350,000.00 Overheads 736,800.00 Units scrapped 3,000 Closing work-in progress 2,000 Materials (100%) Labour and Overhead (80%) Normal Loss is 5% of total output including opening work-in-progress. Units finished transferred to next process are 35,000 units. Scrapped units are realized at RM20.00 per unit.Required: Assume that Caring Pharmaceutical operates a weighted average stock management system, prepare: a. the relevant statement for the mixing process. [15 marks] b. the Mixing Process account for the period. [4 marks] c. the Normal Loss Accounts [1 mark]