Barger Company had the following information at December 31: Finished goods inventory, January 1 $30,000 Finished goods
Fantastic news! We've Found the answer you've been seeking!
Question:
Barger Company had the following information at December 31:
Finished goods inventory, January 1 $30,000
Finished goods inventory, December 31 42,000
If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date: