The inventory records of Blackpink Inc. could not be located because the accountant quit without formal turnover of records. To reconstruct that inventory at the beginning, the store manager Jennie gathered the following data from their sales records for the month of January:

Units Unit Price

January Sales 250,800 P15

January purchases:

January 4 38,000 8.20

10 42,500 8.50

16 50,200 8.10

24 49,000 8.40

At the end of the month, 60,000 units were on hand. Blackpinks gross profit on sale for January was P1,200,800. The company uses a periodic FIFO inventory costing system.

1.) How much is the total cost available for sale for the month of January?

2.)How much is the total cost of sales for the month of January?