Lolita Company has the following information available for June 2020:

Beginning Work in Process Inventory

(25% as to conversion)

20,000

units

Started

130,000

units

Ending Work in Process Inventory

(75% as to conversion)

30,000

Units

Beginning Work in Process Inventory Costs:

Material

P4,400

Conversion

17,250

Current Period Costs:

Material

P 52,000

Conversion

82,500

All material is added at the start of production and all products completed are transferred out.

1.what is the cost of production report using FIFO method.

2.what is the cost of production report using weighted-average method.