INVENTORIES (SAMPLE PROBLEMS) 1. The FGH Manufacturer's provide you with the following data: Cost of Goods Sold - P360,000 Direct Labor - P100,000 Raw Materials Used - P150,000 Factory Overhead - P100,000 Ending inventory of work in process and beginning inventory of finished goods are 50% and 83 1/3% of the beginning inventory of work in process, respectively. Ending finished goods inventory is 140% of the beginning finished goods inventory. Compute the amount of cost of goods manufactured.