Maginhawa Company manufactures soap in two departments in a continuous process. The following data is available for May 2020.

Department 1 UNITS: Beginning work in process:	Department 2
Conversion costs, 65% complete 5,000
Conversion costs, 40% complete Started in production during May 50,000 Transferred out to Department 2 45,000		7,000
Transferred out to Finished Goods Ending work in process: Conversion costs, 75% complete 10,000		43,000
Conversion costs, 50% complete COSTS: Beginning work in process:		9,000
Transferred in costs from prior department 0 Added this department:		P30,000
Direct Material P13,000		14,600
Direct Labor 8,500		9,200
Manufacturing Overhead (applied) 10,975		11,760
Total P32,475 Added during the period:	P65,560
Direct materials P65,000	P45,000
Direct Labor 90,000	70,000
Manufacturing Overhead (applied) 52, 825	39,962
Total P207,825	P154,962

Additional Information:

All direct materials are added at the beginning of the process of each department while conversion costs are applied evenly during the process.

Required:

1. Compute equivalent unit of production.

-Department 1

-Department 2

2. Prepare a separate cost of production report.

-Department 1

-Department2