16. The following information was taken from company XYZ's records for month. Raw materials used in production P 35,000 (P25,000 direct, P10, direct labor costs incurred P20,000; selling expenses P5,000; insurance on fac P4,000, administrative salaries P 12,000; Rent P 15,000 (80% factory. 20% administrative offices). The total inventoriable costs for the current month were: 000 indirect ou' ance on factory P88,000 )P61,000 P71,000 d) P74,000 a)