The following were from the books of Janice Company for March 2020:

Selina Corporation manufactures rattan furniture sets for export, using the job order cost system in accounting for its costs. For the year ended December 31, 2020, you obtained from the corporation's books the following information.

The following were from the books of Janice Company for March 2020: Inventories March 1 Raw Materials ? Work in Process 90,000 Finished Goods 120,000 Raw materials purchased Factory overhead, 75% of direct labor cost Selling and administrative expense, 10% of sales Net income for March 2020 March 31 P 19,000 100,000 180,000 100,000 126,000 50,000 50,000 Required: Compute for (1) cost of goods manufactured; (2) cost of goods sold; and (3) raw materials inventory on March 1, 2020. Prepare a statement of comprehensive income. Selina Corporation manufactures rattan furniture sets for export, using the job order cost system in accounting for its costs. For the year ended December 31, 2020, you obtained from the corporation's books the following information. Work in process, January 1, 2020 was 20% less than the work in process, December 31, 2020. Total manufacturing costs added during 2020 was P1,800,000 based on actual direct materials, direct labor and applied factory overhead. Manufacturing overhead applied to work in process was 72% of direct labor costs. Applied manufacturing overhead for the year was 25% of total manufacturing cost. Cost of goods manufactured, based on actual direct materials, actual direct labor and applied factory manufacturing overhead was P1,700,000. Compute the (1) cost of goods put into process; (2) work in process, December 31, 2020; and (3) Direct materials used