1. Calculate the cost of goods sold using the following information:

Direct materials	ps	299,300
Direct labour		132,800
Factory overhead costs		264,800
General and adminsitrative expenses		86,300
selling expenses		49,600
Work-in-Process Inventory, January 1		119,300
Work-in-Process Inventory, December 31		126,700
Finished Goods Inventory, January 1		232,900
Finished Goods Inventory, December 31		239,500

2. Using the following information, calculate the cost of goods sold for the period:

Sales revenue for the period	ps	1,324,000
Operating expenses for the period		259,000
Finished Goods Inventory, January 1		56,000
Finished Goods Inventory, December 31		61,000
Cost of goods manufactured for the period.		560.000