Required information [The following information applies to the questions displayed below. The following information is departmental cost allocation with two service departments and two production departments Percentage Service Provided to 51 52 P1 P2 20% 40% 40% 20 0 20 60 Cost $ 50,000 10,000 300,000 350,000 Department Service 1 (51) Service 2 (52) Production 1 (P1) Production 2 (P2) What is the total cost in P1 and P2 and what is the amount of service department cost allocated to P1 and P2 using the step method with S1 going first? P2 P1 Service Department Cost Allocation Total Cost