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How much is the cost of the inventories purchased

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Reference no: EM132605602

Entity A acquires inventories and incurs the following costs:

Purchase price, gross of trade discount, P100,000

Trade discount, P20,000

Non-refundable purchase tax, not included in the purchase price above, P5,000

Freight In (Transportation costs), P15,000

Commission to broker, P2,000

Advertisement costs, 10,000

Question 1: How much is the cost of the inventories purchased?

Option 1: Answer not given

Option 2: P100,000

Option 3: P102,000

Option 4: P122,000

Option 5: P97,000

Reference no: EM132605602

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