12.Calculate Net Sales given Expenses ($132,500), Sales Returns & Allowances (S6,700), Sales Discounts (S5,000), Sales Revenue ($536,800) and Cost of Goods Sold ($363,400). Net Sales $525100 Chapter 6: Information for numbers 12, 13, 14 and 15: March 2 Beginning Inventory 120 units @ S4.00 March 5 Purchases March 8 Sale March 19 Purchases March 30 Sale 500 @ S4.50 300 units 200 units@ $4.75 400 units 13.LIFO calculation: Balance of ending inventory in S.- $480 14.LIFO calculation: Total Cost of Goods Sold 15.FIFO calculation: Balance of ending inventory in S. 16.FIFO calculation: Total Cost of Goods Sold I 340 Words