Use the following information for the following questions:

Gelai Company had the following data for the year ending 2020:

Jan 1 Dec 31

Raw Materials Inventory 100,000 80,000

Work in Process Inventory 100,000 130,000

Finished Goods Inventory 80,000 70,000

Raw materials purchases 100,000

Indirect Materials 7,000

Direct Labor 50,000

Indirect labor 15,000

Factory Rent 20,000

Factory Utilities 3,000

Supplies used in the factory 15,000

Depreciation Expense-Factory Equipment 5,000

Supplies used in selling department 15,000

Telephone and telegraph of the administrative department 12,000

Additional information:

The sales for the year is P350,000

1. How much is the cost of goods sold?

2. How much is the cost of goods manufactured?

3. How much is the manufacturing cost?

4. How much is the ram materials used?

5. How much is the manufacturing overhead?