For the year 2011, Dumas Company's gross profit was $96,000; the cost of goods manufactured was $340,000; the beginning inventories of goods in process and finished goods were $28,000 and $45,000, respectively; and the ending inventories of goods in process and finished goods were $38,000 and $52,000, respectively.

Required:

What is the dollar amount of Dumas Company sales for 2011?

Answer rating: 100% (QA)

Sales Sale of any goods or services can be made on cash or credit basis The amount receivable on sal... View the full answer