Answer the following question. Prepare a solution in good form.

1. Alpha company had the following consignment transactions during December 2020: Inventory shipped on consignment to Beta Company 1,800,000 Freight paid by Alpha Inventory received on consignment from Charlie Company 1,200,000 Freight paid by Charlie 50,000 90,000 No sales of consigned goods were made through December 31, 2020. Alpha's December 31, 2020 balance sheet should include consigned inventory at 2. The following information was derived from the 2020 accounting records of Alpha company: Alpha's central warehouse Alpha's good held on consignees Beginning inventory 1,100,000 120,000 Purchases 4,800,000 600,000 Freight in 100,000 Transportation to consignee 50,000 Freight out 300,000 80,000 Ending inventory 1,450,000 200,000 Alpha's cost of sale was: 3. On December 1, 2020, Alpha Department Store received 505 sweaters on consignment from Beta. Beta's cost for the sweaters was P800 each, and they were priced to sell P1,000. Alpha's commission on consigned goods is 10%. At December 31, 2020, 5 sweaters remained. In its December 31, 2020 balance sheet, what amount should Alpha report as payable for consigned goods? 4. On October 20, 2020, Alpha Company consigned 40 freezers to Beta Company costing P14,000 each for sale at P20,000 each and paid P16,000 in transportation costs. On December 30, 2020, Beta reported sale of 10 freezers and remitted P170,000. The remittance was net of the agreed 15% commission. What amount should Alpha recognize as consignment sales revenue for 2020