The Vigor Company uses job order costing.At the beginning of August, two jobs were in process.

Job 769 Job 772

Materials P80,000 P28,000

Direct Labor P40,000 P12,000

Applied factory overhead P60,000 P18,000

There was no inventory of finished goods on August 1.

During the month of August, Job 773, 774, 776, 778 and 779 were started.

Materials requisitions for August totaled P520,000 direct labor cost, P400,000 and actual factory overhead, P640,000.

The only job still in process at the end of August is Job 779, with costs of P56,000 materials and P36,000 for direct labor.

Job 776, the only finished job on hand at the end of August has a total cost of P80,000.

The cost of goods sold at normal is:

A. P1,572,000

B. P1,532,000

C. P1,600,000

D. P1,652,000