Question 18 2 pts The following data are available for the months of April and May of the current year: May April P7,000 ? Merchandise Inventory, beg Merchandise Inventory, end 6,500 P7,500 Net Purchases 19,500 18,500 Net Sales 36,000 38,500 Operating expenses 12,200 14,900 The cost of goods sold for the month of May is