Pompom Inc. produces dog food. All direct material is entered at the beginning of the process. Some shrinkage occurs during the production process, but management considers any shrinkage of less than 5 percent to be normal. October 2020 data are as follows:

Beginning WIP inventory (45% as to conversion) 36,000 kg

Started during the month 120,000 kg

Transferred to FG inventory 126,000 kg

Ending WIP Inventory (75% complete as to conversion) 21,600 kg

Loss ? kg

The following costs are associated with October production:

Beginning WIP inventory:

Material P14,000

Conversion 10,800 P24,800

Current period:

Material P39,060

Conversion 33,912 72,972

Total cost to account for P97,772

The company uses weighted average process costing. Abnormal losses were found at the 70% inspection point.

Fifo Method