At August 31, selected accounts of Old Navy Manufacturing Company show the following: August 1 inventories:...

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At August 31, selected accounts of Old Navy Manufacturing Company show the following: August 1 inventories: Finished goods Work in process P12,600 14,700 Raw Materials 8,200 August 31 inventories: Finished goods P10,500 Work in process 16,900 Raw Materials 7,100 Debit postings to work in process: Direct materials P62,400 Direct labor 32,000 Manufacturing overhead 64,000 Sales for the period P200,000 11. The cost of goods manufactured for the period amounts to 12. The gross profit for the period amounts to At August 31, selected accounts of Old Navy Manufacturing Company show the following: August 1 inventories: Finished goods Work in process P12,600 14,700 Raw Materials 8,200 August 31 inventories: Finished goods P10,500 Work in process 16,900 Raw Materials 7,100 Debit postings to work in process: Direct materials P62,400 Direct labor 32,000 Manufacturing overhead 64,000 Sales for the period P200,000 11. The cost of goods manufactured for the period amounts to 12. The gross profit for the period amounts to