ata about Maritz Company's production and inventories for the month of June are as follows: Purchases - Direct materials P143, 440 Freight-in P5.000 Purchase returns and allowances P2, 440 Direct labor P175.000 Actual factory overhead P120.000 Inventories: Finished goods P68,000 P56,000 Work in Process P110,000 P135,000 Direct materials P52,000 P44.000 Maritz Company applies factory overhead to production at 80% of direct labor cost. Over or under applied overhead is closed to cost of goods sold at year-end. The company's accounting period is on the calendar year basis. Cost of goods put into process amounts to