Compute for the amount of Cost of Goods Sold.

2. Compute for the amount of Net Sales

3.  Compute for the amount of Direct Labor Costs

4. Compute for the amount of Cost of Goods Manufactured.

5. Compute for the amount of Raw Materials Inventory, January 1.

Self-Care Company provides you with the following information: Inventories January 1, 2021 P? 80,000 60,000 Raw Materials Work in process Finished goods January transactions: Purchase of materials Factory overhead (75% of Direct labor costs) Selling and Administrative Expenses (12.5% of Net Sales) Factory overhead control Net income for January Indirect materials used January 31, 2021 P 50,000 95,000 78,000 P 46,000 63,000 25,000 62,800 25,200 1,000