Jessica set up an online shop, selling work-from-home supplies. Given the struggles of having a work-life balance, Jessica wrote down the following items in her "business book". On hand: 20 Keyboards (retail price P1,000) at P400 each P8,000 1,000 On hand: 10 pcs desk lamp (retail price P350) at P100 each Mac laptop for her online shop 90,000 In-transit (FOB Manila): 100 faux leather desk cover (retail price P600) at P300 each 30,000 In-transit (FOB Beijing): 50 ring lights (retail price P1,000) at P450 each 22,500 How much should she report as total inventory? OP9,000 O P61,500 OP39,000 OP31,500 Question 62 ZYX company had the following balances in its books for December 31, 2021: December 31, 2020 Inventory includes the following: 1. December 31, 2020 FOB shipping purchases that arrived in January 10, 2021 - P100,000 2 December 29, 2020 FOB destination purchases that arrived January 3, 2021 - P200,000 2,000,000 Purchases made for the year 2021 3,200,000 Purchase returns and allowances (30,000) December 31, 2021 inventory (including P425,000 goods in its warehouse consigned to it by ABC Co.) 2.500.000 How much should it report as Cost of Goods Sold (COGS)? O P3,095,000 O P2.995,000 O P2.895,000 O P2,670,000