Albert Company had the following consignment transactions during the year (see table below). Sales made by the Company's consignee amounted to P142,500, net of 5% commission. The Company's gross profit is 20% based on sales.

What amount will be included in the Company's inventory at year-end?

a. 402,500

b. 545,000

c. 425,000

d. 395,000

Inventory shipped on consignment to a consignee Freight paid by Maruya Company Inventory shipped on consignment from a consignor Freight paid by consignor 500,000.00 45,000.00 1,400,000.00 100,000.00