Question 6 (1 point) The following information is available for HiLow Corp for 2014: $64,000 Payment for goods during year... Accounts payable, beginning... 8,000 Inventory, beginning... 11,000 Accounts payable, ending... 7,400 Inventory, ending.. 9,100 Cost of goods sold for 2014 is a) $62,700 b) $60,150 c) $64,320 d) $65,300. Question 12 (1 point) The following information is available for Apple Limited for 2014: Accounts payable, beginning... Cash payments on account during year... $16,000 69,000 Purchase discounts taken during year on 2014 purchases.. 1,400 Accounts payable, ending... 9,000 Assuming the company records purchases at gross amounts, the total purchases for 2014 would be a) $63,400 Ob) $62,000. c) $58,100. d) $77,400