For Jaja Corp, materials are added at the start of the process in Department Yen. Units received from Department Won costs P11.10 while in Department Yen, unit costs for materials and conversion costs...

For Jaja Corp, materials are added at the start of the process in Department Yen. Units received from Department Won costs P11.10 while in Department Yen, unit costs for materials and conversion costs were P1 and P1.22 respectively. The company’s quantity data showed that WIP beg, which had a cost of P80,000, had 8,000 units and were ¾ done. During the period, Department Won transferred 50,000 units to Department Yen. At the end of the period, WIP has 10,000 units which are 1/5 done and there were 3,000 normal lost units.

Required:

1. Compute for the equivalent units using average method.

2. Compute for the equivalent units using FIFO.