34) A company has net sales of $638,100 and cost of goods sold of $465,813. What is the company's gross profit percentage? (Round final percentage amount to 1 decimal place.) A) 3.7% B) .4%. C) 73%. D) 27%. 35) The inventory costing method (specific identification, FIFO, LIFO, or weighted average) selected by a company will affect amounts on: A) only the income statement. B) both the balance sheet and the income statement. C) neither the balance sheet nor the income statement. D) only the balance sheet. 36) The specific identification method would probably be most appropriate for which of following inventory items? A) Biking helmets B) Bags of potato chips C) Pints of ice cream D) Art gallery paintings 10000