The following information regarding the operations for March of the Goodfield Products Company are available: The book show these account balances as of March 1 Raw materials and supplies Work in process Finished goods P 65,000 292,621 78,830 The work in process account is supported by these job order cost sheets: Direct Materials Direct Labor P 21,430 Factory Overhead ob. No 204 205 206 Item 80,000 balloons 5,000 life rafts 10,000 life belts P 15,230 40,450 60,875 P116,555 55,240 43,860 P120,530 P 13,800 22,370 19,366 P 55,536 During March, these transactions occurred: (a) Purchase of raw materials and supplies, P42,300 (b) Purchase of special materials for new Job No. 207, P5,800 (c) Job No. 207 calls for 4,000 life jackets. (d) Payroll data for March: lob No. Amnt Hours 204 205 206 207 P 13,422 14,630 14,075 12,948 6,711 6,500 7,230 5,820 Indirect labor cost, P9,480 Factory superintendence, P1,500. (e) Raw materials issued ob No 204 P 9,480