1.- Boron Company has sales of $66,000, beginning inventory of $4,500, purchases of $41,000, and ending inventory of $9,000. The cost of goods sold is:

A)$45,500.

B)$36,500.

C)$27,500.

D)$32,500.

2.- McLeod Corporation is a merchandising company. The year began with inventory of $29,000, Purchases for the year were $54,000, and the Ending Inventory was $16,000. What is the Cost of Goods Sold that would be reported on the income statement?

A)$99,000

B)$41,000

C)$9,000

D)$67,000