The management of K31Corporation has asked your help as an intern in preparing some key reports for June. The beginning balance in the raw materials inventory account was P20,000. During the month, the company made raw materials purchases amounting to P69,000. At the end of the month, the balance in the raw materials inventory account was P32,000. Direct labor cost was P24,000 and manufacturing overhead was P71.000. The beginning balance in the work in process account was P24,000 and the ending balance was P19,000. The beginning balance in the finished goods account was P53,000 and the ending balance was P58,000. Selling expense was P20,000 and administrative expense was P35.000. Required: 21. Calculate the total prime cost for June. 22. The conversion cost for June was?- 23. How much is the total cost of inventory to be presented in the financial position of the Company?-