Your campus computer store reported Sales Revenue of $168,000. The companys gross profit percentage was 60.0 percent.

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Your campus computer store reported Sales Revenue of $168,000. The company’s gross profit percentage was 60.0 percent. What amount of Cost of Goods Sold did the company report?

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Feb 27, 2015 10:45 AM

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Your campus computer store reported Sales Revenue of $168,000. The companys gross profit percentage was 60.0 percent.

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Gross profit percentage Gross profit Net sales So 60 Gross profit 168000 60 x 168...View the full answer

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