Z Company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are added proportionately. The production quantity schedule for April is reproduced below:

Units

Work in process on April 1 (60% complete as to conversion costs) 1,000

Units started during April 5,000

Total units to account for 6,000

Units completed and transferred out 4,000

Work in process on April 30 (20% complete as to conversion costs) 2,000

Total units accounted for 6,000

Costs pertaining to the month of April are as follows:

Beginning inventory costs: (DM, P54,600; Conversion, P35,560) P 90,160

Costs incurred during April (DM, P468,000; Conversion P574,060) P1,042,060

Using the weighted average method, the equivalent units for conversion costs for April are: