2. Barnet Company adds materials at the beginning of the process in Department M. Conversion costs were 75% complete as to the 8,000 units in WIP at May 1 and 50% complete as to the 6,000 units in WIP at May 31. During May, 12,000 units were completed and transferred to the next department. An analysis of the costs relating to WIP at May 1 and to production activity for May is as follows: Costs WIP, May 1... Costs added in May... The total cost per equivalent unit for May was: Average EIFO P2.68 P3.16 a. b. EIFO a. P3.16 b. P2.68 3. Roy Company manufactures Product X in two-stage production cycle in Department A and B. Materials are added at the beginning of the process in Department B. Conversion costs for Department B were 50% complete as to the 6,000 units BWIP and 75% complete as to the 8,000 units in EWIP, 12,000 units were completed and transferred out of Department B during February. An analysis of the costs relating to WIP and production activity in Department B for February follows: Transferred In Costs Materials Costs Conversion Costs P12,000 P2,500 P1,000 Costs added..... P29,000 P5,000 P5,000 The total costs per unit transferred-out for February of Product X, rounded to the nearest peso: Average FIFO Average WIP, February 1: Costs attached... Feb. activity: P2.68 P2.68 FIFO P2.77 P2.78 Materials P9,600 15,600 P2.77 P2.77 C. d. C. d. Conversion P4,800 14,400 P2.77 P2.78 Average P3.16 P3.16 P2.78 P2.78