An account used in the periodic inventory system that is not used in the perpetual inventory system is: Multiple Choice Merchandise Inventory Sales Returns and Allowances Purchases Sales Accounts Payable A company had expenses other than cost of goods sold of $264,000. Determine sales and gross profit given cost of goods sold was $107,000 and net income was $164,000. Multiple Choice Sales: $371,000; gross profit: $57.000 Sales: $371,000; gross profit: $164,000 O Sales: $535,000: gross profit:$57000 Sales: $535,000: gross profit: $428,000 Sales: $428,000: gross profit: $535,000 A company's cost of goods sold was $4,400. Determine net purchases and ending inventory given goods available for sale were $11,600 and beginning inventory was $5,400. Multiple Choice Net Purchases: $17,000; ending Inventory: $21,400 Net Purchases: $6,200; ending inventory: $7,200 Net Purchases: $16,000; ending inventory: $7,200 Net Purchases: $9,800; ending inventory: $6,200 Net Purchases: $10,600; ending inventory: $16,000