Adele's inventory shall be presented at Adele is engaged in the manufacture of travel bags. The following schedule is presented for analysis by the accountant of Adele Manufacturing: Merchandise acquired (on hand): A. Total of invoice prices (includes P1,000 worth of unsalable items) P 71,000 B. Freight paid by the seller on some of those acquired on F.O.B. Shipping 2,500 point terms C. Freight paid by Adele on some of those acquired under F.O.B. Seller 3,500 terms D. Freight paid by Adele on some of those acquired on F.O.B. Destination 3,000 terms E. Storage costs 5,000 F. Non-refundable purchase taxes 11,000 G. Value-added tax 14,000 P87,500 P87,000 P84,000 O P83,500