A company's cost of goods sold was $$6,200.$ Determine net purchases and ending inventory given goods available for sale were $$14,300$ and beginning inventory was $$7,200.$

Multiple Choice

Net Purchases: $$13,400$; ending inventory: $$7,100$

Net Purchases: $$13,300$; ending inventory: $$20,500$

Net Purchases: $$7,100$; ending inventory: $$8,100$

Net Purchases: $$21,500$; ending inventory: $$27,700$

Net Purchases: $$20,500$; ending inventory: $$8,100$