29. Keystar Company conducted a physical count on December 31,2020 which revealed with an inventory cost of P4,500,000. The 4,500,000 includes goods segregated per contract of sale amounting to 60,000 . In Addition, the following transactions revealed to be excluded from the count

• Merchandise costing P830,000 shipped by a vendor , FOB Destination on December 31,2020. It was received by Hinata on January 5,2021.
• Merchandise costing P610,000 purchased FOB Shipping point was shipped by the supplier on December 31,2020 and received by Keystar on January 5,2021.

What is the correct amount of inventory on December 31,2020?

a. 5,050,000

b. 5,270,000

c. 5,880,000

d. 5,110,000