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Andreas Fashions sold merchandise for $57,000 cash during the month of July. Returns that month totaled $1,200. If the companys gross profit rate is 40%,
Andreas Fashions sold merchandise for $57,000 cash during the month of July. Returns that month totaled $1,200. If the companys gross profit rate is 40%, Andreas will report monthly net sales revenue and cost of goods sold of: a. $57,000 and $34,200. b. $55,800 and $22,320. c. $55,800 and $33,480. d. $57,000 and $33,480
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