1. Flor Company consumed P450,000 worth of direct materials during May 2019. At the end of the month, the direct materials inventory of Flor was P25,000 lower than on May 1 inventory level. How much was the direct materials procured during May 2019? 2. Pink Company incurred the following casts during the month: direct labor, P120,000; factory overhead, P108,000, and direct materials purchases, P160,000. Inventories show the following costs: Finished goods Work in process Direct materials Beginning Ending P27,000 P 30,000 61,500 37,500 57,500 43,500 How much is the cost of goods manufactured? 3. Last month, Pare Company placed P60,000 of materials into production. The printing department used P8,000 labor hours at P5.60 per hour and the binding department used 4,600 hours at P6 per hour. Factory overhead is applied at a rate of P6 per labor hour in the printing department and P8 per labor hour in the binding department. Pare's inventory accounts show the following balances: Finished goods Work in process Direct materials What is the cost of goods sold? Beginning P 22,000 15,000 20,000 Ending P 17,000 17,600 18,000