Question 80 1.5 pts How much was the company's cost of goods sold based on the information given below for the year 2020? Freight-in, P200,000 Merchandise Inventory, December 31, P210,000 B Merchandise Inventory, January 1, P240,000 Purchase Discount, P120,000 . Purchase Returns and Allowances, P160,000 Purchases, P5,400,000 OP5,290,000 $5,560,000 $5,350,000 $4,950,000 W