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For Itogon Corp, materials are added at the start of the process in Department B....

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Accounting

For Itogon Corp, materials are added at the start of the process in Department B. Units received from Department A costs P11.10. In contrast, in Department B, unit costs for materials and conversion costs were P1 and P1.22, respectively. The companys quantity data showed that WIP beg, which had a cost of P80,000, had 8,000 units and were done. During the period, Department A transferred 50,000 units to Department B. At the end of the period, WIP has 10,000 units, which are 1/5 done, and there were 3,000 normal lost units. Compute for the equivalent units using FIFO assuming that the 3,000 units were lost at the end of processing

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