The following information relate to one of the process departments in a manufacturing company.. Work in progress (opening) was 500 units, comprising:- Materials Labour Overheads RM 4250 RM 5200 RM 5805 Raw materials input during the period totaled was 6000 units costing RM12000, while the labour and overheads cost incurred were RM 20,000 and RM 16,000 respectively. No losses are expected of the process. During the period 5800 units were completed and transferred to finished goods stock. Work in progress (closing) was 500 units, comprising:- Materials Labour Overheads Stage of completion 100% 80% 70% The company uses the Average Cost method to value its work in progress and output. Required: i. Calculate the following:- (a) Cost per equivalent unit (6 marks) (b) Value of finished goods (3 marks) (c) Value of closing work in process. (4 marks)