Question: TB MC Qu. 14-151 (Algo) Using the information below... Using the information below, calculate gross profit for the period. Sales $ 1,224,000 Selling expenses 231,000

TB MC Qu. 14-151 (Algo) Using the information below...

Using the information below, calculate gross profit for the period.

Sales $ 1,224,000
Selling expenses 231,000
Finished Goods Inventory, beginning 35,200
Finished Goods Inventory, ending 40,200
Cost of goods manufactured 500,000

Multiple Choice

  • $734,000.

  • $729,000.

  • $490,000.

  • $495,000.

  • $417,600.

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