On February 15 Greg's another 300 units of frames at pieces of frames at a unit cost price unit cost of Photo Frames purchased 500 on July 15 30 days (n/30). During the year, 650 units price of P200 on term of to SM of frames were sold at P500 per unit on term of 15 days (n/15) were as follows: deliveries April 1 00 pieces and August 15 P450 pieces Instructions: a) Determine sales, cost of goods sold (use P150 for the first 500 sold), gross profit Sales xxx Cost of goods sold: 500 (a P150 150 P Gross Profit b) Determine the inventory on December 31 (use the most recent price). c) stock Refer to page Use the following: Item: Code no. 178 Date Received Issued Balance Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost Qty. Unit Cost Total Cost