C. Computation of Cost of Sales or Cost of Goods Sold Directions: Underline the letter of the correct answer. Show your solution in the space provided. The following data are given to you. These were taken from the records of Marietta Jurcalles Co. Beginning Inventory P102,000 Purchases 215,000 Purchase Discounts 3,000 Freight-out 5,000 Sales 220,000 = Assuming that there the merchandise inventory at the end was P180,000, how much is the cost of goods sold? a) P 134.000 c) P 158,000 b) P 152,000 d) P 162,000 Solution