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At the end of Apex Department Store's fiscal year on December 31, 2014, these accounts appeared in its adjusted trial balance. Freight-In - P5,600 Freight-Out

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At the end of Apex Department Store's fiscal year on December 31, 2014, these accounts appeared in its adjusted trial balance. Freight-In - P5,600 Freight-Out - P3,000 Inventory, beg. - P40,500 Purchases - P442,000 Purchase Discounts - P12,000 Purchase Returns and Allowances - P6,400 Sales Revenue -P718,000 Sales Returns and Allowances - P18,000 Inventory, end. - P50,500 Based on the information above, determine the following: 1. COGS Question 14 2 pts Refer to Apex Department Store, determine the amount of Net Sales Question 15 Refer to Apex Department Store, determine the amount of Gross Profit ... 12

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