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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
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 y Select one: O a. Ending Inventory = $12,660; Cost of Goods Sold = $30,740 O b. Ending Inventory = $ 8,640; Cost of Goods Sold = $30,740 c. Ending Inventory = $11,110; Cost of Goods Sold = $21,640 X O d. Ending Inventory = $ 9,100; Cost of Goods Sold = $19,750
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