Handcrafts Inc. manufactures to customer order using the job order cost system. For the month just ended, it registered the following data:

Beginning work in process: P300,000

Cost of Orders completed: 2,400,000

Cost of Orders shipped: 2,000,000

Materials issued for the month: 1,700,000

Direct labor cost: 800,000

Factory overhead rate: 150% of direct labor cost

The ending work in process inventory was:

Select one:

a. P1,400,000

b. P1,600,000

c. P500,000

d. P700,000