Question
Dayton company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of the units sold:
Dayton company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of the units sold:
| Beginning Inventory | $ 480,000 |
| Purchases | 233,000 |
| Freight-in | 8,300 |
| Purchase Discounts | 25,000 |
| Purchases Allowances | 5,300 |
| Operating expenses | 177,000 |
| Ending inventory | 243,000 |
At what amount would the company report gross profit?
A. $439,700
B. $452,000
C. $460,300
D. $430,000
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Handbook Of Energy Audits
Authors: Prentice-Hall
1st Edition
0881731285, 978-0881731286
