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In 2010, the BowWow Company purchased 13,140 units from its supplier at a cost of $ 14 per unit. BowWow sold 10,305 units of its
In 2010, the BowWow Company purchased 13,140 units from its supplier at a cost of $ 14 per unit. BowWow sold 10,305 units of its product in 2010 at a price of $ 22 per unit. BowWow began 2010 with $ 846,386 in inventory (inventory is carried at a cost of $ 14 per unit). Using this information, compute BowWow's gross profit for 2010.
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