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$60,000. (2 points) 13. A company had gross profit given cost of goods sold was...

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Accounting

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$60,000. (2 points) 13. A company had gross profit given cost of goods sold was $25,000 and net income was A. Sales: $136,000; Gross Profit:$111,000 B. Sales: $136,000; Gross Profit:$85,000 C. Sales: $85,000; Gross Profit:$136,000 expenses other than cost of goods sold of S51,000. Determine sales and D. Sales: S111,000; Gross Profit:$136,000 E. Sales: $60,000; Gross Profit:$25,000 14. Using the periodic inventory method, a company's cost of goods sold was $4,000. Determine net purchases and ending inventory given goods available for sale were $11,000 and beginning inventory was $5,000. (2 points) A. Net Purchases: $15,000; Ending Inventory: $7,000 B. Net Purchases: $10,000; Ending Inventory: $15,000 C. Net Purchases: $9,000; Ending Inventory: $6,000 D. Net Purchases: $6,000; Ending Inventory: $7,000 E. Net Purchases: $16,000, Ending Inventory: $20,000

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