The balance in the Work in Process Inventory account on October 1 was P14,000, and the balance on October 31 was P85,400. The balance in the Finished Goods Inventory account on October 1 was P25,000, and the balance on October 31 was P35,400. Costs incurred during the month were as follows: direct materials, P55,820; direct labor, P58,420; and overhead, P40,000. What amount was transferred to the Finished Goods Inventory account during October? P82,840 P154,240 P239,640 P140,240