Maydak Company reported the following items for the month of July: Sales revenue $600,000 Cost of goods sold $280,000 Beginning inventory $66,400 Ending inventory $76,200
Maydak Company reported the following items for the month of July:
| Sales revenue | $600,000 | Cost of goods sold | $280,000 | |
| Beginning inventory | $66,400 | Ending inventory | $76,200 |
The gross profit percentage is: (Round your final answer to the nearest percentage.)
A.
22%.
B.
47%.
C.
27%.
D.
53%.
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Authors: Dr David Tuffley
1st Edition
1461130468, 978-1461130468
