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 No. 101 Job No. 102 Job No. 103 30,000 40,000 20,000 OOO Job in Process, January 1, 2020: Direct Materials 40,000 Labor 60,000 Factory Overhead 30,000 Costs added during 2020: Materials 20,000 Labor 100,000 Factory Overhead ? 10,000 200,000 ? 100,000 400,000 ? Additional information: 1. Actual overhead for the year 2020 amounted to P350,000. 2. Jobs No. 101 and 102 were completed and transferred to finished goods during year 2020. 3. Job No. 101 was sold during year 2020. 4. The gross profit rate is 20% based on cost. Required: 1. What is the total manufacturing cost for 2020? 2. What is the cost of goods manufactured for 2020? 3. What is the cost of goods sold for 2020? 4. What is the gross profit for 2020? 5. What are the cost of work in process on December 31, 2020 6. What is the cost of finished goods on December 31, 2020