Beginning balance of Raw and in-process account, including P 14,040 of conversion cost P

23,400
Beginning balance of finished goods account, including P 14,400 of conversion cost…… .…
24,000
Raw materials received on credit ……………………………………………………………………. .
444,000
Ending Raw and in-process inventory per physical count, including P 15,360
conversion cost estimate ……………………………………………………………………….….
25,600
Ending Finished goods inventory per physical count, including P 11,400
conversion cost estimate………………………………………………………………………….
19,000
Conversion cost ( direct labor – P 210,000; factory overhead – P 189,000)

REQUIRED: Prepare journal entries to record the given transactions.