Asiong Salonga trading inventory at the end of 292D is P1,,. before considering the following information. Included in the amount are the following items: I Merchandise in transit, purchased FUB shipping point, P?D,.m I Merchandise in transit, purchased FDB destination, with invoice cost of P45,[i. I Goods held on consignment, P I Goods out on consignment, at cost plus 50% markup on cost plus P12,.m delivery charge, PT12,CID. The P1,,['.. balance does not include the following items: I Merchandise in transit to customers, FOB shipping point, at selling price of P550,D., which includes a 40% markup on selling price. I Merchandise in transit to customers, FDB destination at selling price of P540,[i., which include a 413% markup on selling price. I Merchandise purchased in transit, "Free Alongside,\" costing P25D,[i[i