Bataan Company, a VAT-registered business, purchased imported goods from Finland Company with the

following related information:

List price (Terms: 20%; 2/10, n/30), P 300,000

Shipping cost to acquire the inventory, P 15.000

Special handling charges, P 8.000

Purchase returns, P 3.000

Bataan Company paid 100% custom duty taxes based on the invoice cost, its directly related incidental costs

and the related VAT based on the total invoice cost plus incidental costs and custom duty taxes.

QUESTION:

What is the cost of inventory?

A. 583.600

B. 526.000

C. 523.000

D. 580.600

Bataan Company, a VAT-registered business, purchased imported goods from Finland Company with the following related information: . List price (Terms: 20%: 2/10. n/30), P 300,000 Shipping cost to acquire the inventory. P 15.000 Special handling charges, P 8,000 Purchase returns, P3,000 . Bataan Company paid 100% custom duty taxes based on the invoice cost, its directly related incidental costs and the related VAT based on the total invoice cost plus incidental costs and custom duty taxes. QUESTION: What is the cost of inventory? P583.600 O P 526,000 OP 523,000 O P 580.600