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NESTLYNNE Corporation has manufactured 100,000 units of Product X in 2019 at the following costs:...

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Accounting

NESTLYNNE Corporation has manufactured 100,000 units of Product X in 2019 at the following costs: Labor- P242,500 of which 93% represents direct labor, Materials- P182,500 of which 90% represent direct materials. Opening Work-in-Process is P88,125. Closing Work-in-Process is P67,500. Overhead is applied at 125% of direct labor cost. The cost of Goods Manufactured is:

a. P671,150

b. P692,306

c. P651,036

d. P629,900

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