The following data were obtained from the records of Salacot Company: Current ratio 2.5 to 1 Acid test ratio 1.5 to 1 Inventory turnover based on cost of goods sold and ending inventory 10.5 times Current Liabilities P360,000 What was Salacot Co.s cost of goods sold for the year?

Group of answer choices

P1,890,000

P3,780,000

P2,000,000

P3,200,000