Sandpiper Company reported the following year-end amounts:

Beginning Inventory	$22,950
Net Cost of Purchases	101,200
Ending Inventory	?
Cost of Goods Sold	93,150

What is Sandpiper Company's Ending Inventory for the year?

Select one:

A. $22,950

B. $14,850

C. $31,050

D. $ 8,100

2) Using a perpetual inventory system, the buyers journal entry to record the purchase of merchandise on credit includes a:

Select one:

A. Debit to Purchases

B. Debit to Inventory

C. Debit to Freight In

D. Debit to Cost of Goods Sold

3)

In 2019, Purple Eggplant incurred cost of goods sold of $59,823 million on net sales of $76,643 million. What was Purple Eggplant's return on sales ratio for 2019? (Assume no other expenses.)

Select one:

A. 10.6%

B. 24.1%

C. 13.8%

D. 21.9%