complete the table from 1 to 6 only Complete the table below. Fill in the missinginformation.NOTE:*If the answer is NOT a whole number, express in two (2)decimal places.*Use P symbol for peso sign. (Ex: P5820 - no spaces inbetween)List Price (LP)Rate of TradeDiscount (D₁)Trade DiscountNet PriceP580(1)P43.50(2)P6200(3)(4)P5084(5)(6)P5040P12960(7)85%P4500(8)(9)2.8%(10)P34000

List Price (LP) Rate of Trade Discount Trade Discount Net Price 580.00 7.5%…

Answered: List Price (LP) P580 P6200 (5) (7) (9)…

List Price (LP) P580 P6200 (5) (7) (9) Rate of Trade Discount (D₁) (1) (3) (6) 85% 2.8% Trade Discount P43.50 (4) P5040 P4500 (10) Net Price (2) P5084 P12960 (8) P34000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 11P: Dollar-Value LIFO Retail Intella Inc. adopted the dollar-value retail LIFO method on January 1,...

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Question

100%

complete the table from 1 to 6 only

Complete the table below. Fill in the missing
information.
NOTE:
*If the answer is NOT a whole number, express in two (2)
decimal places.
*Use P symbol for peso sign. (Ex: P5820 - no spaces in
between)
List Price (LP)
Rate of Trade
Discount (D₁)
Trade Discount
Net Price
P580
(1)
P43.50
(2)
P6200
(3)
(4)
P5084
(5)
(6)
P5040
P12960
(7)
85%
P4500
(8)
(9)
2.8%
(10)
P34000

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