Danny Manufacturing Company uses job order costing system. Factory overhead is applied to production at a predetermined rate based on direct labor cost. Any over or under applied factory overhead is closed to the cost of goods sold account at the end of each month. Additional information is available as follows:

a. Job 101 was the only job in process at January 31, with accumulated costs of direct materials, P4,000, direct labor; P2,000 and applied overhead of P3,000.

b. Jobs 102, 103, and 104 were started during February.

c. Direct materials requisition for February totaled P 26,000.

d. Direct labor cost of P20,000 was incurred for February

e. Actual factory overhead was P32,000 for February.

f. The only job still in process on February 28 was job 104, with costs of P2,800 for direct materials and P 1,800 for direct labor.

g. Job 101, 102, and 103 were sold in February.

a.) The cost of goods sold for February was? (assume after closing the variance if problem is silent)

A. P 75,700

B. P 77,700

C. P 79,700

D. P 80,000

b.) the work in process at end of February was