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Chesney Corporation reported the following information on December 3 1 , 2 0 1 1 Net Sales $ 3 0 0 , 0 0 0

Chesney Corporation reported the following information on December 31,2011
Net Sales $300,000 Beg. Inventory $38,000
Ending inventory $32,000 COGS $130,000
Gross Profit Purchases
a. $80,000 $136,000
b. $64,000 $92,000
c. $80,000 $116,000
d. $68,000 $80,000

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