This subject is Intermediate Accounting

At the start of August 2022, OLIVIA Company had no beginning inventories. In addition, the following inventory transactions happened during the month of August 2022: Purchases Sales Unit Total Sales Date Units Cost Cost Date Units Revenue 8/1 1,000 P50 P50,000 8/8 1,500 P120,000 8/5 3,000 55 165,000 8/17 2,500 200,000 8/7 2,000 58 116,000 8/31 2,200 176,000 8/12 900 58 52,200 Total 6,200 P496,000 8/21 800' 60 48,000 Total 7,700 TGAS P431,200