Answer with complete solutions.

8. What amount should be reported as inventory? (3pts) Sevi Company regularly buys sweaters and is allowed trade discounts of 20% and 10% from the list orice. The entity made a purchase during the year and received an invoice with a list price of P900,000, a reight charge of P50,000 and payment terms of 2/10,n/30 9. What amount should be recognized as cost of the purchase? (3pts) SGV Brothers Company counted and reported the ending inventory on December 31,2023 at P 2,000,000. None of the following items were included when the total amount of the ending inventory was computed: 10. What amount should be reported as inventory on December 31,2023 ? (3pts)