Carter Manufacturing Company applies process costing in its production, which consisted of two departments. The following data were gotten from their operations: Units Beginning WIP Work to be done for the period Ending WIP Work completed Started Costs Beginning WIP Transferred In Materials Conversion Costs Current Transferred In Materials Conversion Costs Additional Information are as follows: Dept 1 Dept 2 50,000 70,000 80% 20,000 30% 17,500 2/3 60% 150,000 P285,450 P135,000 214,875 P97,500 280,725 ? P840,000 P1282,500 P1980,000 P3088,800 a. Manufacturing starts at Department 1 where all materials are added at start of production and FIFO costing is used. b. Units are added in the Department 2 where 50% of direct materials as added when it is 30% complete and excess when it is ready to be transferred to the storeroom. This department uses weighted average costing method. Required: 1. Make a cost of production report for Department 1. 2. Make a cost of production report for Department 2.