Find the adjusted sales amount

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Question - Claire Sweater Shop uses the retail inventory method to value its inventory. Its accounting records contain the following data for 2020:

Sales P87,000

Sales discounts 1,600

Sales returns 3,100

Normal spoilage 1,300

Employee discounts (sales to employee are recorded at net) 2,400

Required - Find the adjusted sales amount for 2020 to be used in the retail inventory method?

a. P86,300

b. P79,900

c. P81,200

d. P84,700

Reference no: EM132754751

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