1. How much is total manufacturing cost?
2. How much is Work in process, January 31?
3. How much is Cost of Goods Manufactured?
4. How much is Finished Goods, January 31?
5. How much is the over or underapplied factory overhead?
6. How much is Actual Cost of Goods Sold?
   

Consider the following information for the next six (6) questions. BICOL PRODUCTS, INC. provided the following data for January, 2021: Materials and supplies: Inventory, January 1 Purchases on account Labor: Accrued, January 1 P 10,000 30,000 Indirect labor Paid during January (ignore payroll taxes) Factory overhead costs: Supplies (issued from materials) Depreciation Other factory overhead costs (all from outside suppliers P 1,500 25,000 P 1,500 3,500 1,000 on account) 14,500 Work in process: Job 1 Job 2 Job 3 Total Work in process, Jan. 1 Direct materials P 200 P 200 Direct labor 400 400 Applied factory overhead 400 400 Job costs during January: Direct materials 4,000 P 6,000 P 5,000 15,000 Direct labor 5,000 8,000 7,000 20,000 Applied factory overhead Job 1 started in December, 2020, finished during January, 2021, and sold to a customer for P21,000 cash. Job 2 started in January, not yet finished. Job 3 started in January, finished during January, and now in the finished goods warehouse awaiting customer's disposition. Finished goods inventory, January 1 none Factory overhead is applied based on direct labor cost. The amount of over or underapplied factory overhead is considered insignificant and closed every end of the month.