Mother's Best Corporation is a manufacturer of cooking oil made of corn since 2010. However, for 2018 axable year, it started its operations as vat registered (from being VAT exempt). The following were the ransactions during the first quarter taken from its books and records: July Aug Sept SALES P780,000 P640,000 P720,000 PURCHASES: Corn used as raw materials 125,000 160,000 210,000 Supplies and other materials 150,000 175,000 170,000 Two (2) heavy equipment (U.L.-8 yrs.) 800,000 our (4) heavy equipment (U.L.-4 yrs.) 450,000 BEGINNING INVENTORY: Supplies/other materials-from vat suppliers 10,000 Supplies/other materials-from nonvat suppliers 60,000 Corn 25,000 Determine the following