A company has the sales revenue of Rf28,000, inventories at the beginning of the period were Rf2,000, and inventories at the end of the period were Rf2,500. The cost of sales for the period was Rf11,000.

Using the information above answer questions 12 - 13

12. The Gross Profit for the period was:

a. Rf17,000

b. Rf15,500

c. Rf14,000

d. Rf12,000

13. The Purchases for the period were:

a. Rf17,000

b. Rf11,500

c. Rf6,500

d. Rf4,500