Axie Manufacturing Co. manufactures engines that are made only on customers' orders and to their specifications. During July, the company worked on Jobs A, B, C and D. the following figures summarize the cost records for the month. A B C D (100 units) (60 units) (25 units) (100 units) Direct materials put into process July 2 15,000 5,000 18 20,000 16,000 5,000 22 15,000 1,000 10,000 6,000 28 3,500 2,000 Direct labor cost week ending July 2 1,000 1,000 AD 27,000 9,000 16 32,000 27,000 23 20,000 3,000 5,000 500 30 18,000 11,500 Factory overhead 60,000 32,000 17,500 10,500 Engines completed 100 60 25 0 Job A and B have been completed and delivered to the customer at a total selling price of P426,000, on account. Job C is finished but has not yet been delivered. Job D is still in process. There was no work in process and finished goods inventory at the beginning of the month.| Required: 1. Prepare a summary showing the total cost of each job completed during the month or in process at the end of the month. 2. Prepare the statement of cost of goods manufactured and sold. 3. Determine the gross profit for the month