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please send help Introduction to Cost Accounting and Cost Accounting Cycle Problem 18: Cost of Goods Sold Statement The accounting records of EVAN Manufacturing Inc.,

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Introduction to Cost Accounting and Cost Accounting Cycle Problem 18: Cost of Goods Sold Statement The accounting records of EVAN Manufacturing Inc., include the following information: December 31 January 1 Work in Process Inventory P50,000 P125,000 Finished Goods Inventory 300,000 350,000 Direct Materials Used 875,000 Direct Labor 450,000 Selling Expenses 312,500 Manufacturing overhead is applied at the rate of 150% of direct labor cost. The Manufacturing Overhead Control accounts has a debit balance of P12,500. Required: Compute the following a. What is the total debit to Work-in-Process Inventory during the year? b. What is the total credit to Work-in-Process Inventory during the year? c. What is the total credit to Finished Goods Inventory

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