Philippine Taxation 2020 (Train Law)

ABC co. made the following effort and foreign consignments: Type of transaction Amount Consignment A $ 10,000 Consignment B $ 50,000 Export sale 1 $ 80,000 Export sale 2 P1,000,000 Export 1 pertains to goods owned by another entity where ABC Co. was g_hted 10% export commission. Consignment B was sold by foreign consignee during the month. Consignment A remained unsold for 75 days as of the end of the current month. The applicable exchange rate is $1: P43. Compute the total zero-rated sales or receipts