At the High Quality GAYUMA Corp., operated by A.E. Cabug, the process begins with the blending of various chemicals and ends with the bottling of GAYUMA product after which the bottles are sent to the shipping department for packing and crating. Labor and overhead are continuously added during the processing. Overhead is applied at the rate of P30 per direct labor hour. Data for May follows: Work in process, beginning 4,000 units Raw materials-chemicals (60% complete) Direct Labor (25% complete) Overhead (25% complete) Started in Process 21, 000 units Completed and transferred 20, 000 units Work in process, end Raw materials-chemicals (100% complete) Raw materials-bottles (60% complete) Direct labor (80% complete) Overhead (80% complete) Costs for May: Work in process, beginning Raw materials-chemicals P456, 000 62,500 Direct labor (P100 per hour) 18, 750 Overhead Current costs added P2, 284, 000 Raw materials-chemicals 70,000 Raw materials-bottles 330, 000 Direct labor (P100 per hour) 105,000 Overhead FIFO Method is used