ABC, wholesaler, incurred the following costs: Purchase abroad ($ 1 = P 50) $ 10,000 P 50,000 60,000 20,000 12,000 Import duties Irrecoverable purchase taxes Fees paid to mediator in arranging...

How much is the total cost of inventories purchased? A. 989,000 B. 1,006,000 C. 954,000 D. 826,000

Extracted text: ABC, wholesaler, incurred the following costs: Purchase abroad ($ 1 = P 50) $ 10,000 P 50,000 60,000 20,000 12,000 Import duties Irrecoverable purchase taxes Fees paid to mediator in arranging imported goods Insurance on shipment Handling cost Normal freight charge for express shipping Abnormal freight charge for express shipping Local purchase price, gross of trade discount Trade discount 8,000 14,000 30,000 300,000 17,000 7,000 Delivery cost (from supplier to business premise) Delivery yst (from business premise to customer) Advertisement cost 5,000 40,000 Storage cost 22,000