4. The Glorious Corporation manufactures only one product in which the ra through Processes A, B and C, in that order, before completion. Inventories of Process C and of Finished Goods on Oct. 1 were as follows: - Process C - 1,200 units, 2/3 completed P4,200 - Finished goods - 1,000 units at P3.00 per unit During October the following transactions were completed: - 2,000 units with a value of P5,000 were transferred from Process B. - Direct labor applied to Process C during October was P3,100 - Overhead costs for October applied to Process C were P3,200 Inventories on October 31 are as follows: - Process C-600 units 1/2 completed Finished goods - 1,300 units Using FIFO method, the value of Process C inventory in process for October A. P4,200 B. P3,500 C. P5,400 D. P2,400