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i need the gross profit and the gross profit rate. thanks! Question 3 of 4 > 0.5/1 III tember 1, 2021 21.600 185.000 Purchase Returns
i need the gross profit and the gross profit rate. thanks! Question 3 of 4 > 0.5/1 III tember 1, 2021 21.600 185.000 Purchase Returns and Allowances 4.000 i Purchase Discounts 4,500 176,500 Freicht in 6,600 purchased 183,100 available for sale 204,700 sust 31, 2022 28.576 sold 176,124 e Textbook and Media List of Accounts Attempts: 2 of 4 used Using multiple attempts will impact your score, 25% score reduction after attempt 3 (b) Compute Sheffield's gross profit and gross proftrate. Gross profits Gross profit rate (Round answer to 1 decimal place, es, 523) %6 The trial balance of Sheffield Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $ 21,600; Purchases $185.000; Sales Revenue $ 236,000; Freight In $ 6,600; Sales Discounts $4,800; Sales Returns and Allowances $5,400; Freight-Out $ 3,100; Purchase Discounts $4,500 and Purchase Returns and Allowances $4,000. The ending Inventory is $ 28,576
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