How to do/compute this? to answer the requirement needed

JOB ORDER COSTING

(Job Order Costing)

Cost Accounting 150 Problem 9 Miracle Company provides you with the following information January 1 January 31 Inventories: P ? P 50,000 Materials Work in process 80,000 95,000 60,000 78,000 Finished goods January transactions: Purchases of materials, P 46,000 Factory overhead (75% of direct labor cost) P63,000 Selling and adm. Expenses (12.5% of sales, P 25,000 Factory overhead control, P 62,800 Net income for January, P 25,200 Indirect materials used, P 1,000 Requirements: 1. Materials inventory, January 1 2. Cost of goods manufactured 3. Cost of goods sold (normal) for the month of January of the current year