Numbers 8-11 CPA Company manufactures a product which undergoes production in assembly department and finishing department. It employs FIFO process costing system on its Assembly Department and AVERAGE process costing on its Finishing Department. The following data for the year ended December 31, 2020 are provided: January 1, 2020 December 31, 2020 Units started during the year January 1, 2020 December 31, 2020 Units started during the year Additional Information: ASSEMBLY DEPARTMENT Units 150,000 units -30% completed as to conversion cost 200,000 units -40% completed as to conversion costs Cost Direct Material - P4,275,000 Conversion Cost - P3,500,000 ? DM cost added during 2020 - P11,250,000 Conversion Cost added during 2020 - P19,575,000 450,000 units FINISHING DEPARTMENT 100,000 units - 70% incomplete as to conversion cost 50,000 units - 10% incomplete as to conversion costs ? Direct Material - P2,250,000 Conversion Cost - P3,270,000 Transferred In - P6,780,000 ? DM cost added during 2020 - P6,750,000 Conversion Cost added during 2020 - P4,650,000 It is the company policy to apply direct labor and factory overhead uniformly throughout the period in the two departments. It is the company policy to add all direct materials in the assembly department at the start of the process while all direct materials in the finishing department are added at the end of the process. There is no spoilage in both departments.