...l Verizon LTE 75% 10:54 AM sophia.org Question Tutorials Revenue Sales Returns Sales Discounts Net Sales Cost of Goods Sold Gross Profit Gross Profit Margin % $80,000 $15,000 $5,000 $60,000 $29,000 Given the information above, which of the following is the Gross Margin percentage? 52% 63% O 65% 57% ..l Verizon LTE 75% 10:54 AM sophia.org Question Tutorials $22,500 $67,500 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts $5,200 Purchase Returns and Allowances $1,800 Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less Ending Inventory Total Cost of Goods Sold $60,500 $4,800 $65,300 Based on this information in this partial income statement, what is the total of the Goods Available for Sale? $90,000 $87,800 $65,300 $83000 ull Verizon LTE 75% 10:55 AM sophia.org Question Tutorials Question 1 O Mark this question $35,000 $32,000 $1,800 Cost of Goods Sold Beginning Inventory Add Purchases Less: Purchase Discounts Purchase Returns and Alowances $1200 Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less Ending Inventory Total Cost of Goods s Sold $29.000 $2.500 $31,500 567 500 $14.000 Given the information in the partial income statement below, what is the cost of goods sold? O $50,000 O $45,500 O $68,000 O $53,500