Julius Inc. is employing normal costing for its job orders. The overhead is applied using a predetermined overhead rate. The following information relates to the Julius Inc. for the year ended December 31, 2020: Job in process, January 1, 2020: Direct Materials Direct Labor Factory Overhead Costs added during 2020: Materials Labor Factory Overhead Additional information: Job No. 915 Job No. 916 Job No. 917 40,000 30,000 60,000 40,000 30,000 20,000 20,000 10,000 100,000 100.000 200,000 400,000 ? ? ? 1. Actual overhead for the year 2020 amounted to P350,000. 2. Job Nos. 915 and 916 were completed and transferred to finished goods during year 2020. 3. Job No. 915 was sold during year 2020., 4. The gross profit rate is 20% based on cost. Required: (1) Prepare the entry for the costs added during 2020 and costs transferred to finished goods when using periodic and perpetual methods. (2) Prepare a partial statement of comprehensive income showing the revenues, direct materials available and used, total manufacturing cost, cost of goods manufactured and sold, and gross profit. (3) Show computation for revenues. (4) What is the gross profit rate on revenues?