The production data for Department 1 for August 2019 are as follows: W/P, August 1 (,1/4 done as to conversion cost) Started in August Transferred out during August Lost Units Cost of Beginning W/P: Materials P500,000 Conversion costs 60,000 Current Costs: Materials P2,960,000 Conversion costs 1,884,000 Unit costs: Materials P10 6 Actual units 40,000 296,000 244,000 32,000 . . Conversion costs Materials are added at the start of the process while Conversion costs are added evenly during the process. The company uses the FIFO method of costing Inspection occurs when the production is 100% complete Normal loss is 11% of good units transferred out during August.40000 The cost of Work in process, end in Dept 1 is: O a. P1,370,560 O b. P888,000 O d. P3,264,000 O P1,317,440