1. The following information appears in Allsen Company's records for the year ended December 31: Particulars Inventory, January 1 Purchases Purchase returns Freight-in Sales Sales discounts Sales returns Amount P325,000 1,150,000 40,000 30,000 1,700,000 10,000 15,000 On December 31, a physical inventory revealed that the ending inventory was only P210,000. If Allsen's gross profit on net sales is expected at 30% and Allsen suspects that some inventory may have been pilfered by one of the company's employees, at December 31, what is the estimated cost of missing inventory? 2. With the weighted average cost of inventory costing method, cost of goods sold is P195,000, and ending inventory is P45,000. If FIFO ending inventory is P65,000, how much is FIFO cost of goods sold? 3. Melania Company's Accounts Payable balance on December 31, 2019 was P1,800,000 before considering the following transaction: Goods were in transit from a vendor to Melania on December 31, 2019. The invoice price was P100,000, and the goods were shipped FOB shipping point on December 29, 2019. The goods were received on January 4, 2020. In its December 31, 2019 balance sheet, what amount should Melania report under Accounts Payable