PART 8. The following information was taken from the records of PARIS Manufacturing Company: Goods Purchases P70, 000 process Increase in Finished P30, 500 Increase in work in P18, 200 Direct labor P86.000 Decrease in raw P9,000 materials Work in process, beginning process Compute for the P64,000 Total costs placed in P310,000 The financial records of Ram Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the accountant. The accountant now requires your assistance in computing the missing items. Direct Materials Inventory Beg Bal P8,000 Purchases? End Bal P6, 400 Transferred out? Work in Process Inventory Beg Bal P7, 500 MaterialsP18,000 LaborP13, 500 Mfg. OH P8, 000 End Bal? Transfer out? Cost of goods sold P57.000 Finished Goods Inventory Beg Bal? Transfer out Transfer in P39, 500 End Bal. P4, 200 25. What is the amount of direct materials transferred out?P18000 26. What is the amount of direct materials purchased? P16,400 27. What is the cost of goods transferred out of work in process? 39,500 28. What is the ending work in process inventory?7,500 29. What is the cost of goods transferred out of finished goods inventory?57,000 PART 4. The following data are available for Justine Corporation for the year ending December 31, 2009 Inventories Materials Work in process Finished Goods Direct labor cost Materials purchased Factory overhead-applied at 125% of direct labor cost January 1 P100,000 P180,000 P90,000 December 31 P150,000 P128,000 P110,000 P290,000 P300,000