Exercise 2. Mataba Mfg. Corporation gave you the following information: Cost of goods sold Raw materials used Labor cost Factory overhead P2,250,000 937.500 625.000 625.000 Ending inventory of work in process and beginning inventory of finished goods inventory are 50% and 83 1/3% of beginning inventory of work in process respectively. Finished goods inventory, end is 140% of finished goods inventory beginning. Q23: How much is the Cost of goods manufactured? Q24. How much is finished goods, end? Exercise 3. The following information was taken from Asungot Company's accounting records for 2020: Decrease in raw materials inventory Decrease in work in process inventory Increase in finished goods inventory Raw materials purchased Purchase discount Direct labor payroll Factory overhead Freight in Q 25: How much is the cost of goods sold? P375,000 250.000 875,000 10,750,000 500,000 5,000,000 7,500,000 1,125,000 Problem 5. The following information is provided by Maixi Mfg. Co.: Raw materials used Cost of goods manufactured Labor cost Factory overhead Finished goods beginning Finished goods end 500% of work in process, end P 2,350,000 500,000 250,000 150,000 100,000 Cost of goods sold Work in process, end Q22: How much was the direct materials used? 2,400,000 75% of work in process, beg.