14. Thug Co., a VAT payer, purchased goods and incurred the following: Invoice price (inclusive of P12,000 Value-Added Tax) Shipping costs 112,000 40,000 12,00 5,600 Transit insurance Commissiön to...



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14. Thug Co., a VAT payer, purchased goods and incurred the<br>following:<br>Invoice price (inclusive of P12,000 Value-Added Tax)<br>Shipping costs<br>112,000<br>40,000<br>12,00<br>5,600<br>Transit insurance<br>Commissiön to broker<br>Interest incurred on the loan used to finance the purchase<br>15,000<br>

Extracted text: 14. Thug Co., a VAT payer, purchased goods and incurred the following: Invoice price (inclusive of P12,000 Value-Added Tax) Shipping costs 112,000 40,000 12,00 5,600 Transit insurance Commissiön to broker Interest incurred on the loan used to finance the purchase 15,000
What amount is capitalized as cost of inventory?<br>b. 172,600<br>a. 157,600<br>с. 160,600<br>d. 152,000<br>

Extracted text: What amount is capitalized as cost of inventory? b. 172,600 a. 157,600 с. 160,600 d. 152,000

Jun 09, 2022
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