Crunchem Cereal Company incurred the following actual costs during 20x4.

direct material used	ps	280.000
Direct labour		140.000
Manufacturing overhead		294.000

The company's default overhead rate is 210 percent of direct labor cost. Inventory balances as of January 1 were as follows:

Raw material	ps	31,000
Work in progress		39,000
Finished products		44.000

Each of these inventory balances was 10 percent higher at the end of the year.

1. Prepare a cost of manufactured goods table for the 20x4.

2.

What was the cost of goods sold during the year?