Chris Corporation manufactures metal chips. The following data was available for the year: • Raw materials purchase: P 90,000 • Direct labor: 50,000 • Total manufacturing costs: 219,000 • Decrease in raw materials inventory: 4,000 • Decrease in work in process inventory: 21,000 • Increase in finished good inventory: 45,000 • Gross margin ratio: 40% How much is the conversion cost for the period? a. P 125,000 b. P 129,000 c. P 133,000 d. P 144,000

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