The Iloilo Company operate a branch in Davao, and the profit and loss data for the home office and the branch for 2013 follows:

Home office

Sales P 250,000

Purchases from outsiders 200,000

Expenses 40,000

Inventories, Jan. 1,2013: Home office, at cost 80,000

Inventories, Dec. 31,2013: Home office, at cost 55,000

Branch

Sales P 75,000

Purchases from outsiders 15,000

Shipments from HO @ 125% billed price 32,500

Expenses 10,000

Inventories, Jan. 1,2013: Branch: From outsiders, at cost 7,500 From HO billed @ 120% above cost 24,000

Inventories, December 31,2013: Branch: From suppliers 5,500 From home office 21,000

HOW MUCH IS THE MERCHANDISE IN-TRANSIT AT YEAR END (at billed price) AND HOW MUCH IS THE COMBINED COST OF GOODS SOLD?