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The following information applies to Agony, Inc. for 2014: P400,000 merchandise purchased for resale; P10,000 freight in; P5,000 freight out; and P2,000 purchase returns. How

The following information applies to Agony, Inc. for 2014: P400,000 merchandise purchased for resale; P10,000 freight in; P5,000 freight out; and P2,000 purchase returns. How much is Agonys 2014 inventoriable cost?

408,000

403,000

413,000

400,000

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