QUESTION 22 King Company's last physical inventory was taken on January 2, at which time the inventory totaled $220,000. Net sales in the calendar year through November 19 were $600,000 and net purchases during that time were $450,000. King has consistently reported a 30% gross profit. What is both the estimated cost of goods sold and estimated ending inventory on November 19? A $420,000 and $250,000 B. $469,000 and $201,000 C. $380,000 and $220,000 OD.$150,000 and $150,000 E. None of the above QUESTION 23 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answ O SE ZOPXONOHAR D