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Belstone, Inc. is a merchandiser of stone omaments. It sold 15.000 units during the year. The company has provided the following information Sales Revenue Purchases
Belstone, Inc. is a merchandiser of stone omaments. It sold 15.000 units during the year. The company has provided the following information Sales Revenue Purchases (excluding Freight In) $545,000 332,000 Selling and Administrative Expenses 32,000 Freight In 15,800 Beginning Merchandise Inventory 41,500 Ending Merchandise Inventory 57,000 How much is the gross profit for the year? OA. $212,700 OB. $213,000 OC. $244.700 OD. $332.300
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