Old World Movie Productions manufactures and sells old movies. The managerial accountant at Old World Movie Productions will transfer $500,000 to the Finished Goods Inventory account to compensate for 40,000 movie DVD sets that were completed during the month of March. The managerial accountant assumes that the sales revenue per DVD set is $25. What is the gross profit per DVD set?

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Answer 1250 Working Productions wi... View the full answer