The accounting records for 2022 of Natural Co. showed the following:  Increase in raw materials inventory, P45,000;  Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000;  Direct labor payroll, P600,000; Factory overhead, P900,000;  Decrease in work in process inventory, P80,000.  How much is the cost of goods manufactured?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The accounting records for 2022 of Natural Co. showed the following:  Increase in raw materials inventory, P45,000;  Decrease in finished goods inventory, P150,000; Raw materials purchases, P1,290,000;  Direct labor payroll, P600,000; Factory overhead, P900,000;  Decrease in work in process inventory, P80,000. 

How much is the cost of goods manufactured?

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