C. Alexandria Aluminum Corporation, a munufacturer of recyclable soda cans, had the following at year-end 2021: Work in process Finished goods Raw materials Jan. 1 P 115,000 165,000 70,000 Dec. 31 120,000 150,000 60,000 During 2021, the company purchased P450,000 of raw materials and spent P450,000 on direct labor. Manufacturing overhead costs were as follows: Indirect materials Indirect labor Utilities P 10,000 Depreciation of plant equipment 45,000 25,000 Other factory expenses Rent (60% Factory; 40% Office) During the year, the company process and completed 60,000 units. Sales revenue was P1,705,000 for the year. Distribution and administrative expenses paid, excluding rent, amounted P265,000 and P145,000, respectively. The firm's tax rate is 30 percent. Required: 1. Schedule of the cost of goods manufactured and sold. 2. How much is the unit product cost of completed units. 3. Statement of Income for the year. P 100,000 36,000 120,000