16. Adams Co. uses a job order costing system and the following information is available fromits records. The company has 3 jobs in process: #5, #8, and #12. Raw material used P 120,000Direct labor per hour P8.50Overhead applied based on direct labor cost 120% Direct material was requisitioned as follows for eachjob respectively: 30 percent, 25 percent,and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per jobare 2,500; 3,100; and 4,200; respectively. Indirect labor is P33,000. Other actual overhead costs totaled P36,000. If Job #12 is completed and transferred, what is the balance in Work in Process Inventory at theend of the period if overhead is applied at the end of the period? A. P96,700 B. P99 020 C. P170,720 D. P139540