MULBERRY Company reported the following items were included in inventory at year-end: Merchandise out on consignment, at sales price, including 40% markup on selling price ₱ 40,000 Goods purchased in transit shipped POB shiiping point 36,000 Goods held on consignment by EIGHT Company 27,000 By what amount should the inventory be reduced? A.  ₱ 43, 000 B. ₱ 51, 000 C. ₱ 67, 000 D. ₱ 103, 000 E. ₱ - 0 -

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