1. The Trend Furniture Corp. started its operations in 2009. It uses the jobori costing method. The following transactions are: a. Materials purchases on account, P100,000. b. Materials issued: Job Order No. 001 P15,000 002 26,000 003 12,500 c. Indirect materials issued, P10,500. d. Breakdown of payroll includes indirect labor, P15,600 and direct labor charged as follows: Job Order No. 001 P10,500 002 16,000 003 9,500 e. Factory overhead charged to production, 80 % of direct labor cost. f. Jobs 001 and 002 are completed. Actual factory overhead amounts to P28,400. h. Job 001 is sold for cash at a gross profit of 60% based on selling price. g. Required: Journal entries T-account for work in process Simple cost sheets a