s. Given the information in the table below, what is the company's gross profit? S350,000 S230,000 nding ost of goods sold S180,000 es retums S50.000 discount S200000 B. SI00,000. C. S280,000. D. s170,000. 19, on May 1. Ace Bonding Company purchased inventory costing s2,000 on account with terms 2/10, n30. On May 30, Ace pays for this inventory and records which following using a perpetual inventory system? of A. Accounts Payable 2000 Cash 2000 B. Accounts Payable L1.060 Inventory 40 Cash 2000 C Accounts Payable 2.000 Inventory 40 Cash D. Cash 2000 Accounts Payable 2.000 20. Beginning inventory is s40,000. Purchases of inventory during the year are S200,000. Ending inventory is $100,000. What is cost of goods sold A. S240,000. B. S260,000. C. S340,000. D. S140,000