Cost Accounting (De Leon) Chapter 5 problem 8 How to do this?

That's the only information given for that respective problem.

Tried to answer it but not that sure, can u check and correct it. Thank you

Problem 8 Job No.102 Lob No. 103 Assume the following relates to the Candy Corporation for the month of July Job No. 101 In process, July 1 Materials P 40,000 P 30,000 Labor 60,000 40,000 Overhead 75,000 50,000 Cost added in July Materials 55,000 80,000 92,000 Labor 80,000 95,000 115.000 Actual overhead incurred in July amounted to P 375,000. Job No. 101 and 102 were completed and transferred to finished goods warehouse in July. Overhead is applied using a predetermined overhead rate. Job 101 was sold for P 550,000 Requirements: Compute for the following - 1. Work in process, July 1 2. Overhead assigned to production in July assuming same factory OH rate 3. Cost of goods manufactured 4. Cost of goods sold (actual) 5. Finished goods inventory, July 31 Candy Corporation Statement of Cost of Goods Manufactured and Sold For the month of July 1. Work in Process, July 1 P295,000 Job no. 101 Job no. 102 Materials P 40,000 30,000 Labor 60,000 40,000 Overhead 75,000 50,000 175,000 120,000 2. Overhead assigned to production in July assuming same factory OH rate P 362,500 Labor 80,000x125%= 100,000 95,000x125%= 118,750 115,000x125%= 143,750 362,500 JOB 103 3. Cost of goods manufactured JOB 101 Work in Process Beg 175,000 Cost added, Materials 55,000 Cost added, Labor 80,000 JOB 102 120,000 80,000 95,000 92,000 115,000 100,000 118,750 143,750 Factory Overhead Ost of goods manufactured P 410,000 413,750 823,750 100,000 118,750 143,750 Factory Overhead of goods manufactured P 410,000 413,750 823,750 . Cost of good sold actual 410,000+375,000= 785,000(362,500)=P 422,500 Manufacturing cost 879,500 295,000 Total place into process 1,174,500 Less WIP end 350750 COGM 823,750 Aadd fg beg TGAS 823,750 Less fg end 413,750 COGS NORMAL 410,000 ess 350750 823,750 place Less WIP end COGM Aadd fg beg TGAS Less fg end COGS NORMAL 823,750 413,750 410,000 5. Finished Goods inventory, July 31 P 413,750