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The following data relate to the first three years of operations for Lemon Company: 2018 Profit-FIFO - P300,000 Profit-WA - P120,000 EI-FIFO - P550,000 2019

The following data relate to the first three years of operations for Lemon Company:

2018 Profit-FIFO - P300,000 Profit-WA - P120,000 EI-FIFO - P550,000

2019 Profit-FIFO - P450,000 Profit-WA - P160,000 EI-FIFO - P320,000

2020 Profit-FIFO - P120,000 Profit-WA - P670,000 EI-FIFO - P710,000

How much is the ending inventory in 2020 using the weighted average (WA) method?

a. P1,060,000

b. P710,000

c. P360,000

d. P350,000

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