Given the following year-end information, compute gross profit: Net Revenues (Net Sales) $ Accounts Receivable $ Ending Inventory $ Cost of Goods Sold $ 285,000 95,000 25,000 170,000 Multiple Choice $115,000 $190,000 $355,000 $90,000 (Chapters 5 Inventory records for Holiday Supply Company revealed the following: Date Mar 1 Mar 12 Mar 20 Transaction Beginning inventory Purchase Purchase Number of Units 50 200 400 Unit Cost $3 $4 $5 The company sold 600 units during the month. Calculate the cost of goods sold assuming the company uses FIFO. Multiple Choice $200 $150 $2,800 $2,700 When legal title passes from the seller to the buyer when the buyer receives the merchandise. what the shing Mas Cher 02/10,n/30 FOB shipping point COD FOB destination