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se 5-15 Calculating expenses and cost of goods sold-periodic LO7 CHECK FIGURE: C. $16,100 Company discloses the following information for the year ended October 31, 2020 Sales discounts Sales returns Merchandise inventory beginning of period) Invoice cost of merchandise purchases..... Purchase discounts. Purchase returns and allowances Cost of transportation in Gross profit from sales....... Profit $363.000 6,300 14,800 31,800 182.000 4,400 6.800 11,800 143.600 65,800 equired Calculate (a) total operating expenses, (b) cost of goods sold. (c) merchandise inventory (end of mod, and (d) gross profit ratio (round to two decimal places). lysis Component: Assuming that the gross profit ratio for the year ended October 31, 2019, was 47 spare Friar Company's performance from 2019 to 2020