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Michael uses its periodic inventory system and the following information is available: Sales $ 44,000 Beginning Inventory 11,100 Ending Inventory 10,200 Purchases 35,200 What is
Michael uses its periodic inventory system and the following information is available:
Sales | $ 44,000 |
---|---|
Beginning Inventory | 11,100 |
Ending Inventory | 10,200 |
Purchases | 35,200 |
What is the gross profit?
Multiple Choice
$46,300
$35,200
$7,900
$36,100
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