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: RM Units 2,000 Particulars Opening work in progress Materials (100%) Labour (80%) Overheads (80%) Materials introduced Direct Labour Overheads Units scrapped Closing work in progress Materials (100%) Labour and Overhead (80%) 80,000.00 15,000.00 45,000.00 1,480,000.00 350,000.00 736,800.00 38,000 3,000 2,000 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]