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The Samsong Company had a Net Sales of P600,000. Gross profit rate was 70%. If merchandise Inventory, end was P80,000 and merchandise inventory, beg was

The Samsong Company had a Net Sales of P600,000. Gross profit rate was 70%. If merchandise Inventory, end was P80,000 and merchandise inventory, beg was P95,000, how much would be the cost of goods available for sale?Required to answer. Single choice.

P275,000

P500,000

P420,000

P100,000

P260,000

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