Q4) Using the information below, calculate gross profit for theperiod. Sales revenues for the period $1,214,000 Operating
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Question:
Q4) Using the information below, calculate gross profit for theperiod.
Sales revenues for the period $1,214,000
Operating expenses for the period $230,000
Finished Goods Inventory, January 1 35,100
Finished Goods Inventory, December 31 40,100
Cost of goods manufactured for the period $495,000
Answers:
$729,000.
$724,000.
$485,000.
$490,000.
$413,800.
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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