Storey Co. adds material at the start of production. February information for the company follows (SEE PICTURE BELOW):

28. What are the equivalent units for material using the weighted average method?

29.In relation to Item 28, what is the cost of units completed using the weighted average?

30.In relation to Item 28, what are the equivalent units for material using the FIFO method?

31.In relation to Item 28, what is the cost of all units transferred out using the FIFO method?

Beginning Work in Process Inventory (45% complete as to conversion) Started this period Ending Work in Process Inventory (80% complete as to conversion) Beginning Work in Process Inventory Costs: Material Conversion P24,500 68,905 Current Period Costs: Material P75,600 Conversion 130,053 10,000 units 120,000 units 8,200 units