Aubergine Industries had beginning inventory of $10,000 and purchased $75,000 o merchandise during 2020. The company had sales of $90,000 and has traditionally had a cost-to-sales ratio of 75%. Using the gross margin estimation method, the company estimates its ending inventory to be $67,500. $65,000. $17,500. $22,500. Question 14 (1 point) Physical inventory counts are only necessary for periodic systems. only necessary for perpetual systems. necessary for periodic and perpetual systems as part of internal control. not necessary at all if a company has an appropriate accounting system. Question 15 (1 point) Inventory turnover and days to sell inventory are different names for the same metric. are inversely related. are interpreted to be as the higher the better. none of the above Question 16 (1 point) Goods available for sale are found in work-in-process inventory. raw materials inventory. finished goods inventory. cost of goods sold