Problem 10-2 (IAA) Natal Company provided the following information: Materials Advance for materials ordered 1,400,000 200,000 650,000 60,000 150,000 2,000,000 750,000 400,000 Goods in process Unexpired insurance on inventories Advertising catalogs and shipping cartons Finished goods in factory Finished goods in company-owned retail store, including 50% profit on cost Finished goods in hands of consignees including 40% profit on sales Finished goods in transit to customers, shipped FOB destination at cost Finished goods out on approval, at cost Unsalable finished goods, at cost Office supplies Materials in transit shipped FOB shipping point, excluding freight of P30,000 Goods held on consignment, at sales price, cost P150,000 Required: 250,000 100,000 50,000 40,000 330,000 200,000 Compute the correct amount of inventory