In 2015, ABC Company had sales revenue of P4,800,000 for a line of fancy pencil cases. Pertinent data for the year included:

Inventory, December 31, 2014

10,000 units @ P60.00

January Purchases

15,000 units @ P70.00

May Purchases

20,000 units @ P75.00

October Purchases

18,000 units @ P80.00

Sales

40,000 units @ P120.00

ABC Company falls under the 30% government tax bracket.

1.)How much ending inventory (in units) does the company have as of December 31, 2015?

2.)What is the company's cost of goods sold for 2015 using the FIFO method?

3.)What is the company's cost of goods sold for 2015 using the LIFO method

4.)What is the resulting ending inventory (in pesos) under the LIFO method

5.)What is the resulting ending inventory (in pesos) under the FIFO method?

6.)Suppose the company utilizes the weighted average cost method, how much net income after tax would they realize?

7.)In the FIFO method, how much net income after tax would they realize?

8.)How much tax savings will be realized by the company if they shift from FIFO to LIFO inventory costing method?

9.)How much tax savings will be realized by the company if they shift from FIFO to Weighted Average inventory costing method?