Question
Beginning finished goods, 1/1/2015$ 92,000 Ending finished goods, 12/31/201575,000 Cost of goods sold 300,000 Sales revenue 450,000 Operating expenses 95,000 What is the gross margin
Beginning finished goods, 1/1/2015$ 92,000
Ending finished goods, 12/31/201575,000
Cost of goods sold 300,000
Sales revenue 450,000
Operating expenses 95,000
What is the gross margin for 2015?
A) $163,000
B) $177,000
C) $170,000
D) $167,000
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
