Problem 8 The following data relate to Cornerstone Company for the month of July. 2022: Actuas overnead incurred in July amounted to P 468,750. Job No. 101 and 102 were completed and transferred to finished goods warehouse in July. Overhead is applied using a predetermined overhead rate. Job 101 was sold for P 687,500.. Requirements: Compute for the following - 1. Work in process, July 1 2. Overhead assigned to production in July assuming same factory OH rate 3. Cost of goods manufactured 4. Cost of goods sold (actual) 5. Finished goods inventory, July 31