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Problem 1. Colgate Palmolive Philippines employs a process cost system in the manufacture of toothpaste. Two departments are involved in the process: Department 1 and Department 2. No lost units are discovered in both departments. Below are the data in the Department 2 for the months of June and July: June July In process at the beginning 3,600 ? Materials 60% ? Conversion costs 33 1/3% ? Transferred in from Department 1 9,000 7,500 In process at the end 2.400 2,700 Materials 50% 33 1/3% Conversion costs 25% 16 2/3% Costs of in process, beginning: Costs from Department 1 P12,330 ? Materials 4,050 ? Conversion costs 2,160 ? Transferred in costs from Department 1 8,460 P9,675 Materials costs added 14,784 11,730 Conversion costs added 2,592 3,384 REQUIRED: Prepare a cost of production report for the months of June and July using: (1) FIFO method and (2) WA method