During August, 2022, Sunland's Supply Store generated revenues of $61100. The company's expenses were as follows:...

   

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During August, 2022, Sunland's Supply Store generated revenues of $61100. The company's expenses were as follows: cost of goods sold of $35900 and operating expenses of $3500. The company also had rent revenue of $1000 and a loss on the sale of a delivery truck of $1600. Sunland's gross profit for August, 2022 is? In the Murphy Company, sales were $745000, sales returns and allowances were $28000, and cost of goods sold was $530580. The gross profit rate was The following information is available for Crane Company: Freight-In $29000 Purchase Returns and Allowances 14000 Beginning Inventory 44000 Sales Revenue Ending Inventory Purchases $389000 36500 269000 Crane's cost of goods sold under a periodic inventory system is A company shows the following balances: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold What is the gross profit rate? $2934000 404000 30000 1450000 During August, 2022, Sunland's Supply Store generated revenues of $61100. The company's expenses were as follows: cost of goods sold of $35900 and operating expenses of $3500. The company also had rent revenue of $1000 and a loss on the sale of a delivery truck of $1600. Sunland's gross profit for August, 2022 is? In the Murphy Company, sales were $745000, sales returns and allowances were $28000, and cost of goods sold was $530580. The gross profit rate was The following information is available for Crane Company: Freight-In $29000 Purchase Returns and Allowances 14000 Beginning Inventory 44000 Sales Revenue Ending Inventory Purchases $389000 36500 269000 Crane's cost of goods sold under a periodic inventory system is A company shows the following balances: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold What is the gross profit rate? $2934000 404000 30000 1450000

Answer rating: 100% (QA)

To calculate Sunlands gross profit for August 2022 we need to subtract the cost of goods sold COGS f... View the full answer