How much is the cost of sales at Dec 31, 20X2?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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50.The following data were available for ABC Corp at Dec 31, 20X2:
Net purchases    P345,000
Freight in  P10,000
Freight out  P14,000
Beg inventory  P50,000
There was an increase of the inventory by 2,000 at year end

How much is the cost of sales at Dec 31, 20X2?
 
 
343,000
353,000
367,000
403,000
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