1. One of your task is to control and manage cost for a consulting company. At the end of a recent month, you find that three consulting jobs were completed and two are 60% complete. Each unfinished job is estimated to cost P100,000 and to earn a revenue of P120,000. You are unsure how to recognize goods in process inventory and record costs and revenues. Questions: Do you recognize any inventory? If so, how much? How much revenue is recorded for unfinished jobs this month