V. Sebastian and Sons, Inc., operates a large vineyard that produces a full line of varietal wines. The company, whose fiscal year runs from June 1 through May 31, has just completed a record-breaking year ending May 31, 2020. Production figures for this period are as follows: Accounts Raw Materials Inventory Work in Process Inventory Finished Goods Inventory June 1, 2020 P 4,956,200 May 31, 2021 P 5,203,800 8,371,000 11,596,400 7,764,500 11,883,200 Raw materials purchased during the year amounted to P 5,500,000. Direct labor hours incurred total 342,500, at an average labor rate of P4.20 per hour. The following factory overhead costs were incurred during the year: Depreciation, Plant and Equipment, P 985,600.00; Operating Supplies, P607,300.00; Property Taxes, Plant and Equipment, P514,200.00; Material Handlers' Labor, P1,113,700.00; Small Tools Expense, P82,400.00; Utilities, P2,036,500.00; Employee Fringe Benefits, P846,100.00. Required: Using proper form, prepare a statement of cost of goods manufactured from the information provided