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Glass Industries reported the following data for the year just ended: sales revenue, $1,810,000; cost of goods sold, $930,000; cost of goods manufactured, $565,000; and
Glass Industries reported the following data for the year just ended: sales revenue, $1,810,000; cost of goods sold, $930,000; cost of goods manufactured, $565,000; and selling and administrative expenses, $172,000. Glass' gross margin would be:
$1,052,000.
$1,245,000.
$1,073,000.
$487,000.
$880,000.
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