The net sales of Pusha Company in 2017 is P5,800,000.

The cost of goods manufactured

is P4,800,000. The beginning inventories of Goods in Process and Finished
Goods are P820,000 and P650,000, respectively. The ending inventories are:
Goods in Process – P750,000; Finished Goods – P550,000. The selling expenses
and general and administrative expenses are 5% and 2.5% of cost of sales,
respectively.

What is Pusha’s net income for the year 2017?

C 5,800,000–(4,800,000+650,000–550,000)=900,000–(7.5%,x900,000)=532,500