Question: Given the information in the table below, what is the amount of net sales? Sales $487,000 Sales Returns & Allowances $95,000 Sales Discounts $42,500 Selling

Given the information in the table below, what is the amount of net sales? Sales $487,000 Sales Returns & Allowances $95,000 Sales Discounts $42,500 Selling and Administrative $152,475 Expenses Cost of Goods Sold $175,000 Transportation Out $14,687 Interest Expense $8,225 Multiple Choice $349,500 ($887 $312.000 $624,500

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