41. Samuel Manuel Co., a manufacturer, had inventories at the beginning and end of its current year as follows: Beginning P11,000 20,000 12,500 End Raw materials P15,000 24,000 9,000 Work in process...

Extracted text: 41. Samuel Manuel Co., a manufacturer, had inventories at the beginning and end of its current year as follows: Beginning P11,000 20,000 12,500 End Raw materials P15,000 24,000 9,000 Work in process Finished goods During the year, the following costs and expenses were incurred: P 150,000 60,000 30,000 10,000 7,500 20,000 12,000 Raw materials purchased Direct labor cost Indirect factory labor Taxes and depreciation on factory building Taxes and depreciation on sales room and office Sales salaries Office salaries Utilities (60% applicable to factory, 20% to sales room, and 20% to office) 25,000 Manuel's cost of goods sold for the year is P257,000 a. b. P260,500 C. P261,000 d. P269,500 499