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Felix Company reported the following year-end amounts: Net Sales $52,500 Beginning Inventory 10,650 Net Cost of Purchases 32,750 Ending Inventory Cost of Goods Sold Gross

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Felix Company reported the following year-end amounts: Net Sales $52,500 Beginning Inventory 10,650 Net Cost of Purchases 32,750 Ending Inventory Cost of Goods Sold Gross Profit 21,760 What is Felix Company's Ending Inventory and Cost of Goods Sold for the year? A. Ending Inventory = $12,660; Cost of Goods Sold = $30,740 B. Ending Inventory = $11,110; Cost of Goods Sold = $21,640 C. Ending Inventory = $ 8,640; Cost of Goods Sold = $30,740 D. Ending Inventory = $ 9,100; Cost of Goods Sold = $19,750

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