The ski department of B and I Sports buys all its products FOB destination and has the following balances Sales 410 000 Purchases 218 800 Purchase Discounts 4 900 Sales Returns and Allowances 9 600 Merchandise Inventory beginning 69 600 Purchase Returns and Allowances 7 200 Merchandise Inventory ending 61 300 Determine the amount of the gross profit

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Exercise 25-1 The ski department of B and I Sports buys all its products FOB destination and has the following account balances: Sales Purchases Purchases Discounts Sales Returns and Allowances Merchandise Inventory (beginning) Purchases Returns and Allowances Merchandise Inventory (ending) S 410,000 218,800 4,900 9,600 69,600 7,200 61,300 Determine the amount of the gross profit.