Problem 2 Manufacturing Inventory Accounts. Assume the following information for Mandarin Manufacturing during 20X5: Raw materials inventory Work-in-process inventory. Finished goods inventory. Jan....

Extracted text: Problem 2 Manufacturing Inventory Accounts. Assume the following information for Mandarin Manufacturing during 20X5: Raw materials inventory Work-in-process inventory. Finished goods inventory. Jan. 1, 20X5 Dec. 31, 20X5 P10,400 28,100 15,700 P14,600 31,300 12,500 In addition, direct labor and manufacturing overhead totaled P364,600, and cost of goods manufactured equaled P461,200 in 20X5. Required: Calculate the correct amounts for raw materials purchased, raw materials used, and cost of goods sold for 20X5.