Exercise 2-7 (SHORT PROBLEM - OPEN ENDED) Cagara Architects provides architectural services for real estate developers. During October, Cagara completed and invoiced contracts totaling P215 million. At the beginning of October there were 10 jobs in progress, with accumulated costs of P34 million. Materials and supplies totaling P23 million were used during the month, architect salaries of P75 million were paid, and overhead was estimated to be P56 million. There were 5 unfinished jobs at the end of October with accumulated costs of P21.5 million. Administrative salaries were P26 million, and related administrative overhead was estimated to be P15 million. Determine the following: a. Total cost of services provided in October after considering the change in Work in Process is b. The Gross Margin in October is c. The total costs added in October before considering the change in Work in Process is d. Total Operating Expenses in October is e. Profit from October operations amounted toExercise 2-7 (SHORT PROBLEM - OPEN ENDED) Cagara Architects provides architectural services for real estate developers. During October, Cagara completed and invoiced contracts totaling P215 million. At the beginning of October there were 10 jobs in progress, with accumulated costs of P34 million. Materials and supplies totaling P23 million were used during the month, architect salaries of P75 million were paid, and overhead was estimated to be P56 million. There were 5 unfinished jobs at the end of October with accumulated costs of P21.5 million. Administrative salaries were P26 million, and related administrative overhead was estimated to be P15 million. Determine the following: a. Total cost of services provided in October after considering the change in Work in Process is b. The Gross Margin in October is c. The total costs added in October before considering the change in Work in Process is d. Total Operating Expenses in October is e. Profit from October operations amounted to