The following information are taken from Pineapple Co. accounting records for the current period: • Decrease in raw materials inventory- P500,000 • Direct labor payroll- P5,000,000 • Increase in goods in process inventory- P800,000 • Factory overhead- P4,000,000 • Decrease in finished goods inventory- P1,000,000 • Freight out- P1,500,000 • Raw materials purchased- P20,000,000 • Freight in- P2,300,000 What is the cost of goods sold for the current year?   a. P32,000,000 b. P30,600,000 c. P33,500,000 d. P30,000,000

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