PROBLEM C Manufacturing costs and other accounts of Toy Manufacturing Company appeared in its December 31, 2018 trial balance as follows: Sales P5,000,000 Sales Allowance P 25,000 Raw Material Purchases 1,200,000 Freight In 28,000 Direct Labor 1,500,000 Factory Overhead 1,750,000 Sales Salaries 200,000 Advertising Expense 150,000 Office Supplies Used 7,850 Delivery Expense 60,000 Inventories: End of 2018 End of 2017 Finished Goods P250,000 P320,000 Work in Process 78,500 65,000 Materials 95,000 88,000 Compute for the - 7. Total Manufacturing Costs 8. Cost of Goods Manufactured 9. Cost of Goods Sold 10. Gross Profit 11. Net Income