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Costing: Nature and 389 Questions 31 and 32 are based on the following information.o rg goods manufacturer buys wood as a direct ma seball bats. The Forming Department processes the baseball bats, aterial for the bats are then transferred to the Finishing Department where sealant is applied. The Forming Department began manufacturinig 0,000 "Casey sluggers" during the month of May. There was no 1 be- ginning inventory Costs for the Forming Department for the month of May were as follows: Direct materials Conversion costs Total P33,000 17,000 P50,000 A total of 8,000 bats were completed and transferred to the Finish- ing Department; the remaining 2,000 bats were still in the forming process at the end of the month. All of the Forming direct materials were placed in process, but, on of the conversion cost was applied to the ending work-in-process inventory Department's average, only 25% 31. The cost of the units transferred to the Finishing Department is: a. P50,000 b. P40,000 c. P53,000 d. P42,400 32. The cost of the work-in-process inventory in the Forming Depart ment at the end of May is: a. P10,000 b. P 2,500 c. P20,000 d. P 7,600