At the end of the day, the cash register's record shows $1,268, but the count of cash in the cash register is $1,254. The correct entry to record the cash sales is Multiple Choice O Debit Cash $1,254; Credit Sales $1,254. Debit Cash $1,268; credit Cash Over and Short $1,254; credit Sales $14. Debit Cash $1,254; debit Cash Over and Short $14; credit Sales $1,268. O Debit Cash Over and Short $14, credit Sales $14. o Debit Cash $1,268; credit Sales $1,268. A company's net sales were $698,500, its cost of goods sold was $240,280 and its net income was $46,050. Its gross margin ratio equals: Multiple Choice O O 290.7% 34.4% O 65.6% d 19.2% o 6.6% Bedrock Company reported a December 31 ending inventory balance of $413,500. The following additional information is also available: The ending inventory balance of $413,500 included $73,500 of consigned inventory for which Bedrock was the consignor. The ending inventory balance of $413,500 incorrectly included $25,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. Based on this information, the correct balance for ending inventory on December 31 is: Multiple Choice $388,500 O $314,500 O $339,500 $413,500 O o $303,000 Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Units Sold at Retail Date August 2 August 18 August 29 Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $28 = $280 15 units @ $30 = $450 12 units sold What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice O $150.50 O $340.00 O $730.00 $350.40 O O $450.00 A company has net sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals: Multiple Choice O $729,000. o $437,000. O a $1,021,000. O $257,000. O $292,000