You were assigned to audit the inventories of Techno Industries Inc. for the period ended December 31, 2020. Techno Industries, a distributor of specialized equipment in the textile industry has the following inventory transactions based on its records:Date Particulars Units Cost Sales PriceJan. 1 Beginning Balance 2,000 P550Feb. 3 Purchase 1,700 600Mar. 5 Sale 1,000 P800Mar. 20 Sale 900 800Apr. 15 Purchase 1,000 660May 20 Purchase 1,800 720Jun. 5 Sale 1,400 900Jul. 10 Sale 900 900Aug. 30 Purchase 800 780Oct. 11 Sale 1,400 1,000Nov. 12 Sale 600 1,000Dec. 15 Purchase 1,000 800Based on your review of subsequent events, the latest sales transaction selling price inventories was at P850. Cost to sell is estimated at 10% of the estimated selling price.

What is the correct carrying value of inventories to be reported in the 2020 Statement of Financial Position and the corresponding loss on inventory write-down in the 2020 Statement of Comprehensive Income, assuming no allowance for write-down account was recognized in the previous year under the following assumptions:

1. The company maintains periodic records and uses FIFO cost formula.2. The company maintains perpetual records and uses FIFO cost formula.3. The company maintains period records and uses Average cost formula.4. The company maintains perpetual records and uses Average cost formula.