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QUESTION 22 Maercker Company reported the following year-end amounts Net Sales Beginning Inventory Net Cost of Purchases Ending Inventory Cost of Goods Sold Gross Profit $105,000 15,300 67,500 42,900 What is Maercker Companys Ending Inventory and Cost of Goods Sold for the year? O A. Ending Inventory $17,500; Cost of Goods SoldS40,400 O B. Ending Inventory $ 9,900; Cost of Goods Sold $62,100 O C. Ending Inventory $20,700; Cost of Goods Sold- $62,100 D. Ending Inventory $17,800; Cost of Goods SoldS40,400 QUESTION 23 Maryann Company reported the following balances Invoice Cost of Purchases Purchase Returns and Allowances Purchase Discounts Received Transportation Cost (Freight-in) $4,000,000 700,000 100,000 240,000 What is the companys net cost of purchases? A. $5,040,000 O B. $3,440,000 C.$3,200,000 D $2,960,000

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