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Please answer the question bellow the following the given problem PROBLEM 5: In connection with your audit of VW Manufacturing Company. you reviewed its inventory

Please answer the question bellow the following the given problem

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PROBLEM 5: In connection with your audit of VW Manufacturing Company. you reviewed its inventory as of December 31. 2020 and found the following items: A. A packing case containing a product costing P100000 was standing in the shipping room when the physical inventory was taken. It was not included in the inventory because it was marked "Hold for Shipping Instructions". The customer's order was dated December 18 but the case was shipped and the customer bilted on January 10. 2021. B. Merchandise costing P600000 was received on December 28. 2020 and the invoice was recorded. The invoice was in the hands of the purchasing agents and it was marked. \"On Consignment". C. Merchandise received on January 6. 2021. costing P700000 was entered in the purchase register on January 7. The invoice showed shipment was made FOB shipping point on December 31. 2020. Because it was not on hand during the inventory count. it was not included. D. Merchandise costing P200000 was received on January 6. 2021 and the related purchase invoice was recorded January 5. The invoice showed the shipment was made on December 29. 2020. FOB destination. E. Goods costing P500000 were sold and delivered on December 20. The goods were included in the inventory because the sale was accompanied by a purchase agreement requiring WV to buy back the inventory in February 2021. F. Merchandise costing P150000 was sold on an installment basis on December 15. The customer took possession of the goods on that date. The merchandise was included in inventory because WV still holds legal title. Historical experience suggests that full payment on installment sole is received approximately 99% of the time. G. A special machine costing P200000. fabricated to order for a particular customer was finished in the shipping room on December 30. The customer was billed for P300000 on that date and the machine was excluded from inventory although it was shipped January 4. 2021. 5. How much of these items should be included in the inventory balance at December 31. 2020

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