During 2020, you were asked to audit the Goat Farm operations of MJ Inc. MJ owns and operates a goat farm that qualies to be accounted for as Agriculture under PAS 41. On December 31, 2020, the biological assets are: Purchased before January 1, 2020 3 years old 1,260 goats Purchased on January 1, 2020 2 years old 180 kids Purchased on July 1, 2020 1.5 years old 450 kids There were no other transactions during the year concerning the biological assets. No animals were born during the year and no animals were sold during the year. The unit fair value and unit cost to sell is as follows: January 1, 2020: 1yearold P1,900 P100 2yearold 2,480 80 July 1 , 2020: 1 yea.rold 1 ,8 50 50 December 3 1 2020: 1 yea.rold 2,000 80 2yearold 2,800 100 1 .5year old 2,2 00 40 13yearold 3,500 500