The following information pertains to ABC Corporation: Beginning raw materials inventory $37,000 Ending raw materials inventory...

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The following information pertains to ABC Corporation: Beginning raw materials inventory $37,000 Ending raw materials inventory $45,000 Beginning work-in-process inventory $18,000 Ending work-in-process inventory $25,000 Beginning finished goods inventory $36,000 Ending finished goods inventory $30,000 Cost of goods manufactured $241,000 Sales $299,000 What is the gross profit earned by the ABC Corporation? Instructions: Input your answer without using a dollar Tign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00) The following information pertains to ABC Corporation: Beginning raw materials inventory $37,000 Ending raw materials inventory $45,000 Beginning work-in-process inventory $18,000 Ending work-in-process inventory $25,000 Beginning finished goods inventory $36,000 Ending finished goods inventory $30,000 Cost of goods manufactured $241,000 Sales $299,000 What is the gross profit earned by the ABC Corporation? Instructions: Input your answer without using a dollar Tign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)

Answer rating: 100% (QA)

Gross profit C... View the full answer