For numbers 10 and 11, refer to the following given information: The following information is available for Beyonce Carter for the month of June: Particulars Units and Cost Information Beginning Inventory 8 units @ P20.00 = P160.00 Purchased, June 3 5 units @ P22.00 = P110.00 Purchased, June 5 7 units @ P24.00 = P168.00 Sold, June 9 9 units Purchased, June 15 8 units @ P26.00 = P208.00 Sold, June 19 7 units 10. Given this information, if the Beyonce Carter uses the periodic inventory system, what is the ending inventory balance using the average cost method? 11. Given the information above on Beyonce Carter, what is the closing entry on the beginning inventory figure included in the Income Statement if the company uses the periodic inventory system? 12. Chef Gordon Company's inventory at June 30, 2019, was P75,000 based on a physical count of goods priced at cost, and before any necessary year-end adjustment relating to the following: Included in the physical count were goods billed to a customer FOB shipping point on June 30, 2019. These goods had a cost of P1,500 and were picked up by the carrier on July 10, 2019. Goods shipped FOB destination on June 28, 2019, from a vendor to Gordon were received on July 3, 2019. The invoice cost was P2,500. What amount should Chef Gordon report as inventory on its June 30, 2019, balance sheet? 13. The following information is available for Lyman Company: Particulars Cost of goods sold for 2020 Inventories at December 31, 2019 Inventories at December 31, 2020 Amount P1,200,000 350,000 310,000 Assuming that a business year consists of 360 days, what is the number of days' sales in average inventories for 2020