B. Actual Costing Method During the month of October, the following transactions were completed and reported by Ace Manufacturing Company a. Raw Materials purchased on account, P240,000.00 b. Materials requisitioned for the month was P180,000.00, P12,000.00 of which were supplies c. Net factory payroll for the month was P150,000.00 of which P30,000.00 was for indirect laborers d. Depreciation of factory plant and equipment for the month is P12,000.00 e. Factory taxes amounted to P1,500.00 f. Factory insurance expired amounted to P4,320.00 g. Factory utilities for the month amounted to P5,000.00 Additional information: a. Actual overhead is charged to production b. 75% of the jobs put into process are completed and delivered to the customers at 150% mark-up on cost, including the finished goods at the beginning of the month. The company's terms on all sales are 30 days. c. Inventories reported by the company at the beginning of the month are: Raw Materials. ..P80,000.00 Work in Process. .100,000.00 Finished Goods. .60,000.00 C. The costs of goods sold amounts to......... Select the correct response: O P452,820.00 O P352,820.00 P599,422.50 O P399,615.00