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Apitong Company manufactures bath towels. The production comprises 60% of "Class A" which sells for P500 per dozen and 40% of "Class B" which sells for P250 per dozen. During the current year, 60,000 dozens were produced at an average cost of P360 a dozen. The entity revealed the following inventory at the end of current year:
2,200 dozens "class A" @ P360 is P792,000 and
3,000 dozens "Class B" at P360 is P1,080,000.
Question 1: Using the relative sales value method which management considers as a more equitable basis of cost distribution, what is the measurement of the inventory?
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