The following data were taken from the records of CBD manufacturing company: > Depreciation on factory equipment, P1,000 > Depreciation on sales office, P500 > Advertising, P7,000 > Shipping charges (Freight-out), P3,000 > Wages of production workers, P28,000 > Raw materials used, P47,000 > Sales salaries and commissions, P10,000 > Factory rent, P2,000 > Factory insurance, P500 > Materials handling, P1,500 > Administrative salaries, P2,000 Based upon this information, the manufacturing cost incurred during the year was: A. P18,500 B. P80,500 C. P83,000 D. P80,000

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.