Question 23 (2 points) Saved Dimension Lighting Corp. has the following data at its fiscal year-end: Net Sales $27.250 Cost of Goods Sold 19.600 Gross Profit $ 7.650 Determine Dimension Lighting's gross profit ration 28.1% 39.00 71.9% O None of these choices Question 24 (2 points) Question 27 (2 points) Adam Inc. uses a perpetual inventory system and has the following data for January: Jan. 1 On hand. 10 units @ $2 each $ 20 80 4 Sold 8 units @ $10 each 200 22 Purchased 50 units @ $4 each 480 26 Sold 48 units @ $10 each If Adam uses the FIFO method, how much is cost of goods sold for the month of January? $204 $208 $212 $560 Question 28 (2 points) Each of the following documents is used in the control of cash disbursements except