Avocado Company regularly buys merchandise from Ukraine Company and is allowed trade discounts of 15% and 5% from the list price.   On July 16, Avocado made a purchase and received an invoice with a list price of P120,000 and terms of 3/10; n/30.  Shipping terms is FOB shipping point and freight cost amounted to P2,800.   Avocado Company uses the net price method of recording its purchases.   Assuming that the company paid the account on August 5, what is the cost of the merchandise purchases?

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