Problem 7 (Cost Formulas/Cost Flow Assumptions, FIFO, Comprehensive) Esther Corporation started operations on 2020. The following data are abstracted from the purchases and sales records: No. of units purchased No. of units sold Unit cost 2020 160,000 100,000 P40 2021 155,000 145,000 P50 2022 135.000 140,000 P60 If the entity used the FIFO method, how much should be reported as cost of sales for 2022