TIP Inc. operates two departments in the process of its products. The following data for two months were made available for departments A and B:

JULY	Dept. A	Dept. B
Units:
In Process, July 1	2,000	5,000
Stage of completion	3/4	40%
Placed in Process	?	?
Transferred to next dept.	25,000	25,000
In Process, July 31	5,000	?
Stage of completion	3/10	3/5
Costs:	Amount	Amount
Costs, In Process, July 1	P 3,250	P 7,500
Cost incurred in July:
Materials	8,750	26,500
Labor	2,500	52,000
Factory Overhead	1,250	26,000
AUGUST
Units:
Placed in Process	35,000	?
Transferred to next dept.	?	?
In Process, August 31	10,000	10,000
Stage of completion	3/20	2/5
Costs:	Amount	Amount
Cost incurred in August:
Materials	P 10,500	P 25,000
Labor	3,000	52,000
Factory Overhead	1,500	39,000

Department A applies all costs uniformly.

Department B applies 30% of the materials at the beginning of the process, 30% when the process is 1/2 completed and 40% at the end of the process. It applies labor and overhead uniformly throughout the production.

Required: Prepare a cost of production report for each month and for each department using FIFO method.