Peaceful Ltd. manufactures a single product, which passes through the Forming Department and Packing Department.

Manufacturing begins in the Forming Department. All units are then transferred to Packing Department.

In the Packing Department, further materials are added and processed until completion, and transferred to the finished goods inventory. Overhead is allocated on the basis of 140% of direct labour cost.

Work in process in the Packing Department on 1 Aug was 90,000 units (Materials : 40% complete; Conversion : 60% complete). The costs included in these units were as follows :

Forming Department costs $1,395,000

Packing Department : Direct materials : $396,000

Direct labour : $1,192,500

Overheads $?

During the month, the Packing Department completed and transferred 180,000 units to finished goods inventory. Units transferred in from Forming in Aug were charged at $21.50 per unit. Packing Department's costs in Aug were :

Materials added during the month $1,875,000

Direct labour for the month $3,392,500

Overheads $?

The ending work in process for Packing Department was 30,000 units (Materials : 20%; Conversion : 40%).

Required :

(a) Prepare the Packing Department production cost report for the month of Aug 2020 using (round up to 2 decimal place) : (i) Weighted Average method (ii) FIFO method