The Gerry Corporation operates two departments in its operations, namely Department I and II. Inventories cost and production data for the month of December are as follows: Quantity In process, beginning Stage of completion Started in process Transferred out In process, ending Stage of completion Department 1 6,000 Department 2 5,000 2/3 3/5 44,000 40,000 37,0001 ? 3/5 7/8 Cost In process, beginning Cost from preceding department Materials Labor Overhead Added this month: Cost from preceding department Materials Labor Overhead P 2,464 P 2,400 1,800 1,000 3,541 3,330 1,350 P 5,200 P10,685 ? P 34,799 P 19,800 14,200 2,600 P 36,600 Conversion costs are applied evenly in all the departments. 27,470 18,450 Materials are applied as follows: Department I- all at the start of the process: Department II- 30% at the start, 40% when process is one half completed, 30% at the end of the process. Determine the following amount: FIFO AVERAGE 1 Equivalent production for materials 2 Equivalent production for conversion costs 3 Materials unit cost 4 Labor unit cost 5 Overhead unit cost 6 Total unit cost 7 Total cost tranferred to next department 8 Total cost received from preceding department 9 Unit cost transferred to next department 10 Unit cost received from preceding department 11 Total cost in in process, ending Department 1 Department 2 Department 1 Department 2