The following details are provided for a company operating a process costing system: - Process 1 Opening work in process (WIP) Nil Units introduced into the process 15,000 Units completed and transferred to next Process 2 10.0004 Closing WIP (50% complete) 5.000 Materials cost (introduced at start of process) RM70,000 Conversion cost RM50,000 Process 24 Opening WIP Nill Units transferred from Process 1 10,000 a Closing WIP (50% complete) 1,000 Completed units transferred to finished goods stock 9,000 Previous process cost RM95.000 Conversion costs RM55.0001 Materials (introduced at the end of the process) RM35,000 Required: (a) Compute the equivalent units and cost per equivalent unit for the month for Processes 1 and 2. _(16 marks) (b) Prepare the cost allocation for Processes 1 and 2. (9 marks)