Question: 1 . Based on a physical inventory taken on December 31, 2020, Orange Inc., determined its inventory at P55,000. Lolly estimated that, after further processing

1 . Based on a physical inventory taken on December 31, 2020, Orange Inc., determined its inventory at P55,000. Lolly estimated that, after further processing cost of P25,000, the inventory could be s...

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