Lopelex Mining Corporation uses a process cost system for its ore extraction operations. The following information pertains to work-in-process inventories and operations for the month of June: Units Percentage of Completion Materials Conversion 60% 20% Work-in Process Inventory, June 1 Started Completed Work-in Process Inventory, June 30 32,000 200,000 194,000 48.000 90% 40% Production costs for the month were as follows: Beginning incurred in June Materials P54,560 P468.000 Direct Labor 20,320 182,880 Factory Overhead 15.240 391.160 290.120 P1.042.040 Under the FIFO method, the equivalent units of materials are? Select one: a. P4,800,000 b. P2,286,000 c. P2,500,000 d. P4,000,000 Lopelex Mining Corporation uses a process cost system for its ore extraction operations. The following information pertains to work-in-process inventories and operations for the month of June: Units Percentage of Completion Materials Conversion 60% 20% Work-in Process Inventory, June 1 Started Completed Work-in Process Inventory, June 30 32,000 200,000 194,000 48.000 90% 40% Production costs for the month were as follows: Beginning incurred in June Materials P54,560 P468.000 Direct Labor 20,320 182,880 Factory Overhead 15.240 391.160 290.120 P1.042.040 Under the FIFO method, the equivalent units of materials are? Select one: a. P4,800,000 b. P2,286,000 c. P2,500,000 d. P4,000,000