1. A job order for 500 units of children's party giveaways were processed with costs of P80,000 and P30,000 for direct materials and direct labor, respectively. Factory overhead was applied at 50% of direct labor cos which excludes a 5% provision for spoilage. Prior to transfer to the storeroom, 25 units were found to b spoiled with an estimated market value of P50 per unit. Assuming that the 25 units were only defective and are not sold but instead reworked for total direc materials cost of P375 and total direct labor cost of P500. What is the unit cost of the goods transferred to storeroom if the rework costs are charged to the specific job? What is the unit cost of the goods transferred to the storeroom if the loss is charged to total production? 2 Red Company uses normal costing. During the year ended December 31, 2019, the following information were made available: Total manufacturing costs incurred during the year, P2,200,000; Cost of goods manufactured amounted to P1,940,000; Factory Overhead is applied to production at 80% of direct labor cost; Applied Factory Overhead during the year amounted to 30% of total manufacturing cost; Beginning work-in-process inventory was 75% of the work-in-process at the end. Compute for the cost of direct materials used for the year ended December 31, 2019