Summit Company provide the cost data for the month of January

Inventories:	January 1	January 31
Direct materials	P80, 000	P40, 000
WIP	P65, 000	P100, 000
Finished Goods	P65, 000	P50, 000

Factory overhead applied P180, 000 Cost of goods manufactured P655, 000 Direct materials used P190, 000 Actual FOH P168, 000

1. How much is the adjusted WIP after absorbing share of allocation from overhead variance (allocated to appropriate inventories) Round of the computed share on allocation to whole number

2. How much is the share allocated to Finished goods inventory in absorbing the overhead variance (allocated to appropriate inventories) Round of the computed share on allocation to whole number

3. Adjusted COGS if under or -applied overhead were allocated to inventories and COGS. Round of the computed share on allocation to whole number

4. Adjusted COGS if under or over-applied overhead were closed to COGS

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