Please type the solution thank you2. What is the total costs transferred from Department 1 to Department 2? *a. P83,070b. P88,920c. P92,160d. None of the above

In using FIFO method, Masipag Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers. For December 2021, Masipag Company presented the following costs on three processes Required: Costs incurred: Process 1 Process 2 Process 3 Materials 33.750 30.000 27.720 91.479 Direct Labor 30.200 22.725 24.648 77.573 Overhead 24, 160 18.180 19.718 62.088 Total 88.110 70.905 72.095 231,110 Materials are added at 100% at the beginning 50% at beginning. 40% at beginning, 30% at 50%% at 60% complete 50%% complete, and remaining 30% at 80% complete Started/Transferred In 15.000 unity 15.200 unity 5.700 units 1.090 units 50% complete 500 units 70% complete 250 units 40% complete, 250 Cost Materials P2 250: Cost from preceding units 70% complete. Cost In process, beginning Labor P1.090, OH P800 department P2 035 from proceding papartment Materials P1,000 Labor P5.275: Materials PASS: P525: OH P.420 Labor P440: OH P352 Completed 15.200 uris 15.300 Units 15.400 Units In Process, and 80o unite 50%% complete 400 unite 50% complete 400 unity of 70% complete