Hope Inc. has the following information: Beginning inventory P 56,000 Purchases 148,000 Freight in 2,000 Purchase returns 16,000 Purchase discounts 3,000 Ending inventory 80,000 How much is its cost of sales? A. 105,000 B. 107,000 C. 185,000

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A: Computation of ending inventory is as follows: Result:

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