EX-1. On October 20, 2016, MICHAEL Company assigned 40 freezers to URIEL Company costing P 14,000 each for sale at P 20,000 each and paid P 16,000 in transportation costs. On December 30, 2016, URIEL reported the sale of 10 freezers and remitted P 170,000. The remittance was net of the agreed 15% commission. What amount should be reported as consignment sales revenue for 2016?

EX-2. The following information was derived from the 2016 accounting records of WARLOCK Co. Central Warehouse. Goods Out on Consignment Beginning Inventory P 55,000 P 6,000 Purchases 240,000 30,000 Freight-in 5,000 Transportation to Consignees 2,500 Freight-out 15,000 4,000 Ending Inventory 72,500 10,000 WARLOCK's 2016 Cost of Sales was?

EX-3. EG Co. shipped inventory on consignment to Secret Co. that cost P 20,000. Secret paid P 500 for advertising that was reimbursable from EG. At the end of the year, 70% of the inventory was sold for P 30,000. The agreement states that a commission of 20% will be provided to Secret for all sales What amount of net inventory on consignment remains on the balance sheet for the first year for EG Co.?