Problem $2$

The MA Company, which uses First In$,$ First Out $($FIFO$),$ has shown the following data

regarding year $N$ :

Breakdown of the current costs by function:

a$)$ Determine the costs of goods manufactured $($COGM$),$ the profit before taxes and the

value of the closing inventory of finished goods for the MA Company in year $N.$

b$)$ Prepare the Profit and Loss Account $($P&L Account$)$ according to Financial Accounting of

the MA Company in year N$.$ To this end, assume that the $642\mathrm{.}500$ amount of

manufacturing costs, selling costs and administrative costs previously presented

corresponds to the following costs in Financial Accounting: