2 (45 marks) Walkers (Pty) Ltd manufactures a basic baby walker product by means of a single manufacturing process and uses a process costing system. Raw materials are added at the beginning of the process and the conversion costs are evenly incurred during the process. The following information is available for November 2022: Opening work in progress (25% complete) 8 000 units Material cost: R400 000 Cost of conversion: R120 000 Put in production 15 000 units Material cost: R900 000 Cost of conversion: R3 100 000 Completed and transferred 20 000 units Closing work in progress (80% complete) 1 250 units Additional information: Normal wastage amounts to 5% of the inputs that reach the identification of wastage stage in the process. Wastage occurs when the process is 20% complete. The company uses the weighted average method of inventory valuation. REQUIRED: Prepare the process cost report for Walkers (Pty) Ltd using the weighted average method of stock valuation i.e. 2.1 Prepare the quantity statement (with the equivalent production) (16 marks) 2.2 Prepare the cost statement (7 marks) 2.3 Calculate and allocate the normal loss in Rands (8 marks) 2.4 Prepare the cost allocation statement (14 marks) Tabulate your answers as far as possible