Question 4. Each part counts one point. Here is some information. Net purchases of inventory during the period 18,000 Gross profit 75,250 Sales 215,000 Beginning inventory 135,000 Part a. What is the cost of goods sold? Part b. What is the ending inventory? Question 5. Each part counts one point. Who owns the goods? Part a. A sells to B under a contract for delivery. A has shipped the goods, but the goods have not yet arrived at Bs location. Part b. A sells to B. The product A is selling are the normal goods that A sellsnot any specially made items. A had a commercial trucking company come pick up the shipment. The commercial trucking company picked up the shipment two days ago, but has not yet delivered the shipment to B. Part c. A is a company in a foreign country that sells to B in this country. Terms are FOB POE. A shipped the goods from its factory late last week, but there is a sailing only once every two weeks, and it takes about ten days from the date the ship leaves the port in that other country before it arrives at this countrys port. Part d. A sold to B under terms of FOB destination. B has no idea where the shipment is. The shipment certainly has not arrived yet.