PLEASE HELP ME WITH THIS

10. Cagayan Company included the following items under inventories: Materials P 1,400,000 Advance for materials ordered 200,000 Goods in process 650,000 Unexpired insurance on inventories 60,000 Advertising catalogs and shipping boxes 150,000 Finished goods in factory 2,000,000 Finished goods in company-owned retails store, including 50% profit on cost 750,000 Finished goods in hands on consignees including 40% profit on sales 400,000 Finished goods in transit to customers, shipped FOB destination, at cost 250,000 Finished goods out on approval, at cost 100,000 Unsalable finished goods, at cost 50,000 Office supplies 40,000 Materials in transit shipped FOB shipping point, excluding freight of P30,000 330,000 Goods held on consignment, at sales price, cost P150,000 200,000 How much is the correct amount of inventories? A. P5,610,000 O B. P5,500,000 O C. P5,375,000 O D. P5,450,000 11. * 2 points 11. Aparri Company included the following items in its inventory on December 31, 2005: Merchandise out on consignment, at sales price, including 25% markup on cost P4,000,000 Goods purchased in transit, FOB destination 2,000,000 Goods held on consignment by Aparri Company 1,000,000 By what amount should the inventory at December 31, 2005 be reduced? A. P3,800,000 O B. P2,000,000 O C. P1,800,000 O D. P1,000,000