Incomplete Data The following information below and on the next page pertains to the 2018 operation of Tanny Company: 82 Chapterl Problem 1-21 continued (a) All sales were on account, with a markup equal to 28% of the sales price. (b) The accounts payable account was used for materials purchases only. (c) Factory overhead was applied at 150% of direct labor cost. (d) Miscellaneous factory overhead cost totaled P60,000. (e) Direct materials issued to production cost, P80,000. (f) Payment of accounts payable totaled P102,000. (g) There was only one job in process at the end of the period, with charges to date of materials costing P10,000 and direct labor of P8,000. (h) Collection of accounts receivable totaled P480,000. (i) Cost of goods manufactured was P320,000. (j) Payrolls totaling P172,000 were paid in cash. Required: Using a schedule of cost of goods manufactured and sold compute: (1) Materials purchased (2) Applied factory overhead (3) Over/under applied overhead (4) Work in process inventory, December 31 (5) Cost of goods sold at actual (6) Finished goods inventory, December 31