1) Crystal Inc. is a merchandiser of stone ornaments. It sold 15,000 units in 2015. The company has provided the following information: Sales Revenue Purchases (excluding freight in) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $557,000 300,000 69,000 15,000 45,000 55,700 How much is the gross profit for 2015? A) $183,700 B) $304,300 C) $252,700 D) $257,000

1) Crystal Inc. is a merchandiser of stone ornaments. It sold 15,000 units in 2015 . The company has provided the following information: How much is the gross profit for 2015 ? A) $183,700 B) $304,300 C) $252,700 D) $257,000 1) Crystal Inc. is a merchandiser of stone ornaments. It sold 15,000 units in 2015 . The company has provided the following information: How much is the gross profit for 2015 ? A) $183,700 B) $304,300 C) $252,700 D) $257,000