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Monsters Inc. results for the year ended December 31, 2019, are as follows: Sales revenue $325,000; Cost of goods sold $230,000; Beginning inventory $32,000; Ending

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Monsters Inc. results for the year ended December 31, 2019, are as follows: Sales revenue $325,000; Cost of goods sold $230,000; Beginning inventory $32,000; Ending inventory $28,000. The Gross Profit percentage for 2019 is: Select one: O a. 32.8% O b. 29.2% O c. 48% O d. 13.9%

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