Paulo Corporation had the following account balances as of August 1, 2020: Raw materials inventory (direct and indirect) Work in Process inventory Finished Goods inventory P 7,250 11,400 2,300 During August 2020, the company had the following transactions. Factory overhead is applied based on direct labor costs. a. Purchased raw materials, P50,000; terms 1/10, n/30. b. Materials requisitioned for the month - P45,000. 20% issued for Job #10; 25% for Job #11; 40% for Job #12; balance for indirect materials. c. The time tickets of payroll summaries indicated: Production Department Cost # of hours Job #10 P15,000 5,000 Job #11 21,000 7,000 Job #12 30,000 10,000 Supervision and others P 500 1,500 2,000 d. Recorded the applied overhead. Additional factory overhead incurred was P38,500. e. Only Job Nos. 10 and 11 were completed and sold. Cash was collected for the agreed - on price of cost plus 15%. f. On August 1, 2020, there were two jobs in process: Required: Job #10 Job #11 Total Cost P6,500 ? Direct Materials P2,900 ? Direct Labor Applied FOH ? ? P 2,100 P 1,680 (1) Prepare the partial statement of comprehensive income. Support your answers by showing computations on (a) direct materials used; (b) work in process inventory as of August 31, 2020; (c) cost of goods sold; and (d) sales.