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Sta. Elena Merchandising Company plans to sell in December 15,000 units of its product at a unit price of P20.The estimated gross profit is 25%

Sta. Elena Merchandising Company plans to sell in December 15,000 units of its product at a unit price of P20.The estimated gross profit is 25% of sales.The inventory will be increased in December in anticipation of higher sales volume for Christmas.The increase will be about P50,000.Amounts payable to trade creditors will also increase by P25,000.Estimate of payment to be made during the month of December for merchandise is

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