Which of the following statements are correct:

1. (i) When deducted from the Sales figure, the Cost-of-Sales figure will allow you to

   determine the profit before taxation the business has generated for the period.

2. (ii) Cost-of-Sales is determined by adding the cost of the purchases (inventory), plus any

   other costs required to get them to the location and condition where they are ready for the purpose for which intended, and then adding the figure reflecting the unsold inventory.