For the month of January 2022, PBB Company reported the following production data for Finishing Department. The company is in the first year of operation and uses WAM. Transferred in 75,000 59,250...

If FIFO Method is used, the costs of goods manufactured amounted to:

Extracted text: For the month of January 2022, PBB Company reported the following production data for Finishing Department. The company is in the first year of operation and uses WAM. Transferred in 75,000 59,250 Transferred out to Finished Goods In process, end (1/3 converted) 15,750 All raw materials are added in the 1st Department while packaging materials are added at the end of the process in this department. Cost data for the Finishing Department this period are as follows: Transferred in unit cost P12.70 Direct materials unit costs per EUP Labor costs, this department Applied overhead, 120% of labor costs P8.50 P41,280 If FIFO Method is used, the costs of goods manufactured amounted to: