... 90,000 S Accounts Receivable = 56 3 ,50 0 + 77 ,59 0 Inventory = 1 ,51 2 ,50 0 + 68, 750 + 54 ,3 75 — 159 ,3 75 + 32 ,50 0 ~ Recounts Payable = 4, 050 , 250 + 93 100 + 4,37 - 43, 750 5 P167, 150 ; P641,000 Inventory, January4... 2, 850 ) Selling and Administrative Expenses 4 ,50 0 1 ,50 0 10,030 6 ,55 8 450 Cash in Bank Sales 7,008 8,000 Accounts Receivable 8,000 59 Chapter Inventories and Related Expenses inventories 7 ,50 0... P197,000 199,8 75 / 32 .50 Valued as follows 1 ,50 0 x 33.70 1 ,50 0 x 33.60 6, 150 18,000 (18.460) 3690 P50 ,55 0 50 ,400 1 ,50 0 x 33 .50 50 , 250 1,190 x 33.40 39,748 Inventory, December 31, 2012 190,946 58 _ 22,000