FAR Company cans two food commodities which it stores at various warehouses. The company uses a perpetual inventory system under which the finished goods inventory is charged with production and credited for sales at standard cost. The detail of the finished goods inventory is maintained on punched cards by the tabulating department in units and pesos for the various warehouses.

The accounting department receives copies of daily production reports and sales invoices. Units are then extended at standard cost and a summary of the day's activity is posted to the Finished Goods Inventory general ledger control account. Next the sales invoices and production reports are sent to the tabulating department fiar processing. Every month the control account and detailed tab records are reconciled and adjustments recorded. The last reconciliation and adjustments were made at November 30, 1993.

Your CPA firm observed the taking of the physical inventory at all locations on December 31, 1993. The inventory count began at 4:00 p.m. and was completed at 8:00 p.m. The company's figure for the physical inventory is $342,400. The general ledger control account balance at December 31 was $384,900, and the final "tab run'' of the inventory punched cards showed a total of $403,300.

Unit cost data fiar the company's two products are as follows: