The Kawilihan Manufacturing Inc. uses a process cost accounting system. The production data for the month of May show the following: Dept. 2 Dept. 3 Physical Units In process, May 1 8,000 4,000 Stage of completion 1/4 3/4 Received from preceding department 42,000 ? Finished and transferred to next dept. ? ? In process, May 31 5,000 1,000 Stage of completion 75% 40% In Dept. 2, materials are applied as follows: 40% at the start of the process; 20% when the process reaches midpoint; and the balance at the end of the process. In Dept. 3,25% of the materials is applied at the start of the process; 45% when the process reaches 3/4 completion; and the balance at the end. Both departments apply conversion costs uniformly throughout the process. Dept. 2 Dept. 3 Costs Data Amount Amount Cost, In Process, May 1 P 4,000 P 2,000 Cost from preceding department 10,500 ? Cost incurred this month: Materials 13,440 9,090 Conversion 18,700 6,810 Required: Prepare a cost of production report for Dept. 2 and 3 for the month of May using FIFO method. Show supporting computations for the missing items