Espiritu Company reported the following data for the year just ended:

Raw materials used in production ......... P 800,000

Direct labor .............................700,000

Total actual manufacturing overhead costs ....................900,000

Ending work in process inventory .........400,000

Cost of goods manufactured ............... 2,500,000

Increase in Finished Goods inventory.90,000

Over-applied Manufacturing overhead5,000

The Adjusted Cost of Goods sold was:

a) 2,415,000

b) 2,405,000

c) 2,585,000

d) 2,590,000