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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
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 2022January 1, 2022P. 125.000MaterialsWork in processFinished goods100.000Materials usedCost of goods soldCost of goods manufacturedTotal manufacturing costsRequired:1. Work in process, January 1, 20222. Finished goods. December 31, 20223. Amount of materials purchased in 2022December 31, 2022P 187,500108,750737.500937,5001,000,000987,500
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