ABC Company has the following information pertaining to its
biological assets for the year 2020:
A herd of 150, 3-year old animals was held at January 1, 2020.
Eight animals aged 2.5 years were purchased on July 1, 2020 for P
3,400, and ten animals were born on July 1, 2020. No animals were
sold or disposed of during the period. Per unit fair values less
estimated point-of-sale costs were as follows:
3.0-year old animal at January 1, 2020
2,000...