1. Compute the cost of sold using the following information Finished goods inventory, beginning $500 Cost of goods manufactured 4,000 Finished goods inventory, ending 750

2. Below is the income statement for Union company. Use it to answer question 22

Union Company Comparative Income Statements For the years Ended December 31, 2015 and 2014
	2015
sales	$4,972,500
Cost of goods sold	3,200,000
Gross Profit	1,772,500

Calculate the Gross profit margin