PROBLEM:

The following information was taken from the record of Anton Manufacturing Inc.:

Increase in finished goods, P100,000;

Increase in work in process, P110,000;

Decrease in raw materials P96,000;

Total cost placed in process, P5,000,000;

Materials purchases, P960,000;

Direct labor, P880,000;

Work in process, beg. P1,600,000.

QUESTION:

How much factory overhead was applied to production?

(Solutions must be in good accounting form. Excel form is accepted. Thanks a lot, tutor! I hope you can help me!)