The cost data and production data for Krampus Company for the month of May are as follows: Cost Data: WIP - Beg: Materials P10, 400 13, 800 Conversion costs Cost added this month: Materials P120, 000 Conversion costs 320, 400 Production Data: WIP - Beg (40% complete) Started in production Transferred out WIP End (70% complete) Normal lost units Abnormal lost units 7,500 units 80, 000 units 72, 500 units 13, 000 units 1, 100 units 900 units All materials are added at the start of the process and the inspection point is at 75% completion. Requirements: 1. Under the FIFO method, what are the equivalent units for (1) materials and (2) conversion cost? 2. Under the FIFO method, what is the cost assigned to (1) units transferred out and (2) units in ending WIP inventory? 3. Under the FIFO method, what is the cost assigned to abnormal lost units? 4. Under the average method, what are the equivalent units for (1) materials and (2) conversion cost? 5. Under the average method, what is the cost assigned to (1) units transferred out and (2) units in ending WIP inventory? 6. Under the average method, what is the cost assigned to abnormal lost units?