How much is the presumptive input vat

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Reference no: EM133919191

Problem

Sarsarap Corporation processes hot chili-flavored sardines. It purchases the following ingredients for the processing of canned sardines: Cost Input VAT Fresh sardines PhP1,000,000 Hot chili 50,000 Tomatoes 300,000 Ordinary salt 10,000 Personalized tin can 120,000 PhP 14,400 Labels 60,000 7,200. Get the instant assignment help. How much is the presumptive input VAT?

Reference no: EM133919191

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