PART VIII. The financial statements of Michelle Company included these items. Marketing costs Direct labor costs Administrative costs Direct materials used Fixed factory overhead costs P128,000 P320,000 P94,000 P385,000 P285,000 Variable factory overhead costs P175,000 28. Prime cost 29. Conversion cost 30. Total product cost 31. Total period cost PART IX. For June MLT Company had cost of good manufactured equal to P150, 000; materials purchases, P33, 000; depreciation of factory P17,000; cost of goods sold, P150, 000; expired insurance on factory assets, P2, 000; cost of goods available for sale, P190, 000; and total labor, P49,000. Inventories were as follows Materials Work in Process June 1 P25,000 P50,000 June 30 P30,000 P40,000 General factory overhead of P13, 000 was incurred in June; this figure includes all factory overhead except indirect labor, indirect ma depreciation and insurance. Direct labor cost for the month was six times larger than indirect labor cost. The cost of indirect materials used w 000. The company uses a single materials account for direct and indirect materials. 32. The direct materials used 33. Finished goods inventory, June 1