ross 61) _ 61) Companies with periodic inventory systems often use techniques such as the gross profit method and the retail method to: A) Reduce taxable income during a period of rising prices. B) Increase gross profit. C) Value inventory at its sales price instead of its cost. D) Prepare interim financial statements without taking a complete physical inventory [The following information applies to the questions displayed below.] Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250). Beginning inventory for the month was $60,000; purchases for the month were $175,000; and gross profit was 43%. 62) 62)Refer to the information above. What were the gross sales for the month? A) $304,75 B) $129,00 C) $300,00 D) $171,00 0 63)Refer to the information above. What were the goods available for sale for the month? A) $304,75 B$235,00 C) $171,00 D) $129,00 0 64) Refer to the information above. What was the gross profit for the month? A) $235,00 B) $304,75 C) $129,00 D) $171,00 64) 65) Refer to the information above. What was the cost of goods sold for the month? A) $235,00 B) $171,00 C) $304,75 D) $129,00 65)