Question: ABC instituted a new process in October. During this month, 20,000 units were started in Department A. Of the units started, 2,000 were lost in

ABC instituted a new process in October. During this month, 20,000 units were started in Department A. Of the units started, 2,000 were lost in the process. 14,000 units were transferred to Department B, and 4,000 remained in work in process at October 31. The work in process at October 31 was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of P54,000 and conversion costs of P80,000 was charged to Department A in October.

What were the total costs transferred to Department B?

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