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Question - Aparri Company included the following items in its inventory on December 31, 2005:
Merchandise out on consignment, at sales price, including 25% markup on cost P4,000,000
Goods purchased in transit, FOB destination 2,000,000
Goods held on consignment by Aparri Company 1,000,000
Required - By what amount should the inventory at December 31, 2005 be reduced?
How many units per year must be sold for the company to breakeven? A manufacturing company leases a building for $90.000 per year for manufacturing facilties
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