Asia Career Company, a manufacturing entity shows the following amounts in the cost of goods sold...

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Asia Career Company, a manufacturing entity shows the following amounts in the cost of goods sold statement and the statement of comprehensive income for the year 2022 January 1, 2022 P 125.000 Materials Work in process Finished goods Materials used Cost of goods sold Cost of goods manufactured Total manufacturing costs 100.000 Required: 1. Work in process, January 1, 2022 2. Finished goods. December 31, 2022 3. Amount of materials purchased in 2022 December 31, 2022 P 187,500 108,750 737.500 937,500 1,000,000 987,500 Asia Career Company, a manufacturing entity shows the following amounts in the cost of goods sold statement and the statement of comprehensive income for the year 2022 January 1, 2022 P 125.000 Materials Work in process Finished goods Materials used Cost of goods sold Cost of goods manufactured Total manufacturing costs 100.000 Required: 1. Work in process, January 1, 2022 2. Finished goods. December 31, 2022 3. Amount of materials purchased in 2022 December 31, 2022 P 187,500 108,750 737.500 937,500 1,000,000 987,500

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To calculate the required values we can use the information provided in the cost of goods sold state... View the full answer