Please refer to image below

The following costs were incurred during the year by Hopefully Company: Depreciation of factory machines P24,000 Oil used to lubricate factory machines 12,000 Promotional expenses 28,000 Raw materials used 350,000 Repair of factory machines 49,000 Salary of factory superintendent 60,000 Wages of factory workers 120,000 Salary of factory clerk 40,000 Transportation cost of salesmen 38,000 Packaging materials in the store 26,000 Gas/oil expenses of the general manager 80,000 Product warranty expense 33,000 Compute for the total product cost