Activity No. 1 - BC Corp. (De Jesus, Prob 21, Chap 1) On June 2020, BC Corp. had cost of goods manufactured equal to P120,000; material purchases P33,000; depreciation of factory assets P17,000; cost of goods sold P140,000; expired insurance on factory assets P2,000; cost of goods available for sale P190,000; and total factory labor P49,000. The inventories are as follows: June 1 June 30 Materials P15,000 P19,000 Work in Process 40,000 30,000 Finished Goods ? ? General factory overhead of P13,000 was incurred in June; this figure includes al factory overhead except indirect labor, indirect materials, depreciation and insurance. Direct labor cost for the month was six times larger than indirect labor cost. The cost of indirect materials used was P1,000. The company uses a single materials account for direct and indirect materials. Required: Compute for (1) total direct materials used; (2) total manufacturing costs; and (3) finished goods inventories