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2.Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete. Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125.

Using FIFO method, the started in process units;

3.)Hawk company employs Weighted Average process costing system in the assembly department and FIFO process costing system in the finishing department concerning its only product which undergoes production in assembly department and finishing department. The following data for the year ended December 31, 2021 are provided:

ASSEMBLY DEPARTMENT
	Units	Cost
January 01, 2021	100,000 units - 40% completed as to conversion cost	Cost of Direct Material - P3M Cost of Direct Labor - P5M Cost of Factory Overhead - P2M
December 31, 2021	150,000 units - 80% completed as to conversion cost	?
Units started during the year	400,000 units	DM cost added during 2021 - P12M DL cost added during 2021 - P15M FOH cost added during 2021 - P13M

FINISHING DEPARTMENT
	Units	Cost
January 01, 2021	50,000 units - 70% incomplete conversion cost	Cost of Transferred in - P10M Cost of Direct material - P6M Cost of Direct labor - P1M Cost of Factory Overhead - 3M
December 31, 2021	30,000 units - 10% incomplete as to conversion cost	?
Units started during the year		DM cost added during 2021 - P30M DL Cost added during 2021 - P40M FOH cost added during 2021 - P10M

Additional information for the year:

1. It is the company's policy to add conversion cost evenly throughout the period in the two departments.
2. It is the company's policy to add all direct materials in the assembly department at the start of the process while all direct materials in the finishing department are added at the end of the process.
3. There is no spoilage in both departments.In the assembly department, what is the cost of goods manufactured or cost assigned to units completed for the year ended December 31, 2021?

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