Park Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.

The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was RM 40,484 and a total of RM 213,890 in conversion costs were incurred in the department during January.

i) Compute the cost per equivalent unit for conversion costs for January.

ii) Explain briefly THREE similarities between job order costing and process costing.