Question: D Question 2 Using the following information: Freight in $1,040 Purchases $32,000 Purchase Returns & Allowances $1,200 Purchase Discounts $960 Merchandise Inventory, Sep 1 $5,700

D Question 2 Using the following information: Freight in $1,040 Purchases $32,000 Purchase Returns & Allowances $1,200 Purchase Discounts $960 Merchandise Inventory, Sep 1 $5,700 Merchandise Inventory, Sep 30 $6,370 Sales $63,000 Sales Returns & Allowances $910 What is the amount of gross profit? O $27,460 O $31,880 O $34,870 O $62.090

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