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Marke The ending inventory of Corner Store Inc. includes items which originally cost $10,000. These...

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Marke The ending inventory of Corner Store Inc. includes items which originally cost $10,000. These items have a market value of $11,000 and a net realizable value of $9,000 at year end. Accordingly, the inventory should be reported on the company's statement of financial position at: O A $11,000 OB. $10,000 OC. $9,000 OD. $9,500 (the average of $10,000 and $9.000). O E. Another amount that can only be determined by a physical count of the inventory at year end. 2 Marks Ozak Company reported the following information for a recent year: gross sales, $196,500; sales returns and allowances, $3,700; sales discounts, $1,750 and shipping expenses, $1,400. Ozak's net sales would equal: O A. $196,500 O B. $192.800 OC. $191,050 OD. $189,650

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