On December 31, 2021, Aliana Co. has inventory in the amount of P245,000, which consists of the following:

a. What is the cost of inventory to be shown in the statement of financial position of Aliana Co. as of December 31, 2021?

Direct materials Direct materials purchases in transit, FOB destination Direct materials purchases in transit, FOB shipping point Prepaid insurance on inventory Work-in-process Finished goods Goods shipped on consignment, at selling price with 20% profit on sales P85,000 15,000 25,000 3,000 42,000 50,000 25,000