NO. 1 T & F, Incorporated, manufactures a product in two departments. The product is cut out of sheet of metal and bent to shape in the Cutting and Forming Department, and then transferred to the Assembly Department, where parts are purchased from outside vendors, are added to the base unit. Because only one product is manufactured by the company, a process cost system is used. Data related to the August operations in the Cutting and Forming Department are: Units in beginning inventory (100% materials, 70% labor, 40% overhead) Units started in process this period Units transferred to the Assembly Department this period Units in ending inventory (75% materials, 40% labor, 25% overhead) Costs charged to the Department: Direct Materials Direct Labor Factory Overhead Beginning Inventory P35,846 4,704 7,600 1,600 6,400 6,800 1,200 Added This Period P137,250 29,512 59,992