43. The unadjusted balance of the Gokongwei Merchants' inventory account as of December 31, 20X1, is P7,274,900. A physical inventory count was conducted simultaneously in all stores on December 29 and 30, 20X1. Your review of the list submitted by the accountant disclosed the following: 1. Some deliveries made in December 20X1 have not been invoiced and recorded as of year-end. These items had a selling price of P146,940 with a term of 15 days. The corresponding cost was already deducted from the ending inventory. 2. Goods on consignment to Gokongwei Merchants totaling P356,000 were included in the inventory list. 3. Some appliances worth P138,500 were recorded twice in the inventory list. 4. Goods costing P153,800 purchased and paid on December 26, 20X1 was received on January 4, 20X2. The supplier shipped the goods on December 28, 20X1, at the FOB shipping point. What is the adjusted balance of inventory as of December 31, 20X1? A. P6,934,200 B. P7,274,900 C. P7,290,200 D. P6,780,400