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1. Berry Farm Corp. sells honey at the end of 2015, there were 2,000 jars of honey on hand costing P25 per jar. The following information is available from the company's inventory records for the first quarter of 2016: Date Jars Purchased Costs per Jar Jars Sold Selling Price per Jar January 16 9,000 P26.50 January 28 5,000 52 February 25 11,000 28.00 March 19 10,000 55 Its FIFO costing method is used, the inventory cost at the end of the quarter is? a. 182,500 b. 196,000 C. 175,000 d. 185,500 2. Solar company included the following items under inventory: Finished goods in hands of consignees, including 40% Profit on sales 250,000 Finished goods in transit to customers, shipped FOB Destination at cost 100,000 Unsalable finished goods, at cost 50,000 Office supplies 10,000 Materials in transit, shipped FOB-shipping point, excluding freight of P40,000 160,000 Goods held on consignment, at sales price, cost 220,000; P150,000 The correct amount of inventory to be reported is? a. 450,000 b. 410,000 C. 350,000 d. 600,0003. During January 2016 quick co., which maintains a perpetual inventoryr system, recorded the following information pertaining to its inventory: Unit units Units cost on hand Balance on 1f1f20'15 1,000 P10 1,000 Purchased on 1!?!2015 500 30 1,600 Sold on 1.320(2015 900 T00 Purchased on 1f25f2016 400 50 1,100 Under moving average, the cost of sales of January is? a. 5,000 0. 35,000 0. 15,?50 0. 21,500