The Maginoo Company manufactures a single product in a continuous process in two

departments. Cost and production statistics for the month of March, 2008 are shown below:

Assembling Finishing

Costs: Department Department

Work in process, March 1 P 9,750 P18,000

Materials 64,000 -

Labor 47,250 85,800

Factory overhead 31,500 47,200

Quantity:

Units in process, March 1

(all materials: half-converted) 3,000 4,000

Units started in process 33,000 -

Units received from preceding department 30,000

Units completed and transferred 30,000 25,000

Units in process, March 31

(all materials: 60% converted) 5,000 6,000

Lost during the process 1,000 3,000

Compute the total costs transferred in:

Assembling Finishing Assembling Finishing

Department Department Department Department

A. P135,000 P250,000 C. P135,000 P238,000

B. P152,500 P286,000 D. P121,500 P210,000