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Ending Inventory (156,000/1.

3
x40%) P48,000
COGS-July( 123,500/1.3)
95,000
Less: Beg Inventory
(123,500/1.3x40%) -38,000
Purchases-July P105,000
1. D

Inventory end (1,872,000 / 130% x 40%) 576,000

COGS Jan (1,482,000 / 130%) 1,140,000

Less: Inventory – beg (1,482,000 / 130% x 40%) 456,000

Purchases – January P1,260,000

2.

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