s 42,000 12,000 3,000 165,000 _ 13. Financial information is presented below. Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold The profit margin would be A) .18. B) .06. C) .08. D) 36. 14. Financial information is presented below: $ 42,000 12,000 3,000 165,000 Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold Gross profit would be A) $66,000. B) $69,000. C) $54,000. D) $57,000. 15. Sampson Company's accounting records show the following at the year ending on December 31, 2017. Purchase Discounts Freight-In Purchases Beginning Inventory Ending Inventory S 11,200 15,600 700,020 47,000 57,600 12,800 Purchase Returns and Allowances Using the periodic system, the cost of goods sold is A) $697,820. B) $702,220. C) $681,020. D) $719,020. Version 3 Page 4