The following were taken from the books of Nona Company. January 1 Raw materials Work in progress Finished goods Direct materials used Direct labor Factory overhead Sales March 31 Php 268,000 Php 167,000 0 0 Php 43,000 ? (100 units) (300 units) Php 1,847,700 Php 2,125,800 Php 1,026,500 (12,300 units at Php 535,000) The company uses the FIFO method of costing inventories.