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71. Banaba Company provided the inventory balances and manufactur- ing cost data for the month of January. Under Banaba's cost system, any over-or underapplied overhead is closed to the cost of goods sold accounts at the end of the calendar year. Inventories January1 January 31 Direct material Work-in.process Finished goode P30,000 15,000 65,000 P40,000 20,000 50,000 Factory overhead applied Cost of goods manufactured Direct materials used Actual factory overhead Month of January P150,000 515,000 190,900 144,000 What is the cost of goods sold at actual costing? a. P509,000 b. P524,000 e. P530,000 d. P536,000