WHAT IS THE TOTAL PRODUCT COST. SHOW A DETAILED SOLUTION.

The following costs were incurred during the year by Hopefully Company: Depreciation of factory machines Oil used to lubricate factory machines Promotional expenses Raw materials used Repair of factory mar.h;nes Salary Of factory superintendent Wages of factory workers Of factory clerk Transportation cost of salesmen Packaging materials in the store Gas/ oil expenses of the general manager Product warranO' expense Compute for the total product cost. P24,ooo 12,000 28,000 350,000 49,000 60,000 120,000 40,000 38,000 26,000 80,000 33,000