1 point The equivalent production for material is Under Average and Fifo Method Respectively? * From the following data, question 16 to 18 should be answered. Opening inventory 4,000 units Percentage of Value Completion Materials 100% P1,992 Labor 50% 1,074 Overhead 50% 846 Put in process 20,000 units Materials value P12,000 Labor 9,984 Overhead is 100% of labor cost Units completed and transferred 21,000 units Units in process at the end 3,000 units Materials 100% Labor and overhead 60% Average 24,000 FIFO 20,000 Average 20,000 FIFO 24,000 Average 21,000 FIFO 20,000 Average 20,000 FIFO 21,000 1 point The equivalent production labor and overhead is for Average and Fifo? * From the following data, question 16 to 18 should be answered. Opening inventory 4,000 units Percentage of Value Completion Materials 100% P1,992 Labor 50% 1,074 Overhead 50% 846 Put in process 20,000 units Materials value P12,000 Labor 9,984 Overhead is 100% of labor cost Units completed and transferred 21,000 units Units in process at the end 3,000 units Materials 100% Labor and overhead 60% O Average 20,000 FIFO 24,000 Average 22,800 FIFO 20,800 Average 21,000 FIFO 20,000 Average 24,000 FIFO 22,000 The total cost of the work in process at 1 point the end for both Average and Fifo method? * From the following data, question 16 to 18 should be answered. Opening inventory 4,000 units Percentage of Value Completion Materials 100% P1,992 Labor 50% 1,074 Overhead 50% 846 Put in process 20,000 units Materials value P12,000 Labor 9,984 Overhead is 100% of labor cost Units completed and transferred 21,000 units Units in process at the end 3,000 units Materials 100% Labor and overhead 60% Average 3,528 FIFO 3,477 Average 3,500 FIFO 3,577 Average 3,577 FIFO 3,500 Average 3,477 FIFO 3,528