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The following were taken from the books of Marvin Company. January 1 March 31 Raw materials P 268.000 167.000 Work in process I Finished goods

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The following were taken from the books of Marvin Company. January 1 March 31 Raw materials P 268.000 167.000 Work in process I Finished goods P 43,000 (100 units) (200 units) Raw materials purchased P1,946.700 Direct labor P2. 125,800 Factory overhead P 764,000 Sales (12,400 units at P535) The company uses the FIFO method for costing inventories. The cost of goods sold is

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