Computing for inventories

Chloe Ysabelle Gempesaw CY ACFAR-2132-PAA1-Inventories (1) - Protected View - Saved to this PC Share Mailings Review Help Design Layout References View aw -files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 1. 1. Iceland Company provided you the following information for the purpose of determining the amount of its inventory as of December 31, 2020: Goods located at the warehouse (per physical count) P 3,800,000 Goods located at the sales department including 40% profit on cost 19,040,000 Goods in-transit purchased FOB destination 1,600,000 Goods in-transit purchased FOB shipping point 2,100,000 Freight incurred under "freight prepaid" for the goods purchased under FOB shipping point 60,000 Goods held on consignment from Greenland, Inc. 1,800,000 How much is the total inventory on December 31, 2020