E - Lol Documents and Records Which Were Recovered

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E_lol documents and records which were recovered immediately after a fire

gutted its premises, EMC Marketing Co. gathered the following information
(used installment method):

2014 2015 2016


Installment Sales P500,000 P800,000 ?
Cost of inst. Sales ? 600,000 ?
GP on inst. Sales ? ? 280,000
Collection:
2014 sales 50,000 210,000 100,000
2015 sales - 200,000 300,000
2016 sales - - 400,000
Realized GP on
inst. Sales 15,000 ? 240,000
Based on the information given, the cost of installment sales for the year 2016
was?

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