December 31, 2022 P1,500,000 Goods counted in the warehouse Goods in the bodega of retail store Goods displayed in the retail store Goods in the receiving department Advertising supplies Office supplies 800,000 100,000 150,000 30,000 90,000 In addition, the following goods are all in transit as of December 31, 2022: a. P180,000 of goods purchased from ELATED Company shipped under FOB shipping point terms. b. P210,000 of goods sold to ECSTATIC Company shipped under FOB destination terms. c. P50,000 of goods sold to JUBILANT Company shipped under FOB shipping point terms. d. P175,000, of goods purchased from ELATED Company shipped under FOB destination terms.

December 31, 2022 P1,500,000 Goods counted in the warehouse Goods in the bodega of retail store Goods displayed in the retail store Goods in the receiving department Advertising supplies Office supplies 800,000 100,000 150,000 30,000 90,000 In addition, the following goods are all in transit as of December 31, 2022: a. P180,000 of goods purchased from ELATED Company shipped under FOB shipping point terms. b. P210,000 of goods sold to ECSTATIC Company shipped under FOB destination terms. c. P50,000 of goods sold to JUBILANT Company shipped under FOB shipping point terms. d. P175,000, of goods purchased from ELATED Company shipped under FOB destination terms.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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answer in text form please (without image), Note: .Every entry should have narration please
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