Work in process, beginning - P200,000

Work in process, end - 250,000

Gross profit - 2,500,000

Finished goods inventory, end - 760,000

The beginning finished goods inventory was:

Cost of goods sold - 1,600,000

Selling expenses - 400,000

Administrative expenses - 300,000

Purchases of raw materials - 800,000

Factory overhead - 700,000

Sales - 4,100,000

Direct labor - 600,000

Direct materials used - 500,000