Reference no: EM132879385

Bowen Corp. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2018 included the following expense and loss accounts:

Accounting and legal fees P 140,000
Advertising 180,000
Freight-out 80,000
Interest 70,000
Loss on sale of long-term investment 30,000
Officers' salaries 225,000
Rent for office space 220,000
Sales salaries and commissions 170,000

One-half of the rented premises is occupied by the sales department.

Problem 1: Bowen's total selling expenses for 2018 are

a. P540,000.
b. P460,000.
c. P430,000.
d. P370,000.