• Determine the COGS based on the given info:Sales - P424,000Beginning inventory - P45,000Purchases - P245,000Ending inventory - P38,000Operating expenses - P124,000 • Determine the COGS and net...

• Determine the COGS based on the given info: Sales - P424,000 Beginning inventory - P45,000 Purchases - P245,000 Ending inventory - P38,000 Operating expenses - P124,000 • Determine the COGS and net income based on the given info: Sales - P600,000 Gross profit - P220,000 Operating expenses - P120,000 Income tax rate - 30%