lan Corporation produces a product in two departments- A and B. Data for the month of August 2021 are given as follows for Department B. UNITS Received from Department A 50,000 40,000 Completed and transferred to warehouse In process, August 31 (60% completed) 5,000 Lost during the month 5,000 In this department, materials are added 100% at the beginning of the process. REQUIRED: Prepare Cost of Production Report under the following assumptions: 1. Lost units classified as normal, discovered at the beginning of the process. 2. Lost units classified as normal, discovered at the end of the process. 3. Lost units classified as abnormal, discovered at the end of the process. Noel Corporation uses process costing. In Department 2 conversion costs are incurred uniformly throughout the process. Materials are added 30% at the start of the process and 70% following inspection which occurs at the 90% stage of completion. Normal spoilage is discovered during the inspection and is expected to be 5% of good units. The following information relates to Department 2 for the month of March 2021. Units 12,000 9,000 2,000 Units received from Department 1 Units completed and transferred Units in process, end (70% complete) Cost added in the department Materials Conversion Cost REQUIRED: Pesos P 84,000 P 19,800 45,200 Prepare a Cost of Production Report for Department 2 for the month of March 2021.