In addition, the ending inventory of raw materials is known to be P91,080. The ending inventory of Work in Process is not known, but it is known that the company makes a single product and 4,500 units of goods were in process on December 31, 2019. Each unit contained an estimated P18 of direct materials and had P7.50 of direct labor cost assigned to it. REQUIRED: 1. Calculated the overhead rate based on the relationship between total manufacturing overhead cost and total direct labor cost. (Write your answer in a paper) - 10 points 2. Determine the cost of ending Work in Process Inventory. (Write your answer in a paper) - 10 points 3. Prepare the statement of cost of goods manufactured for 2019. (Write your answer a paper) - 20 points 4. Prepare the journal entries to close the manufacturing accounts to manufacturing summary and to close the manufacturing summary account. (Write your answer in a general journal) - 15 points