Question
Nothing But Love, Co. provided the following information for the current period: Sales $56,200 Selling and Administrative expenses $5,900 Finished Goods Inventory, beginning balance $19,900
Nothing But Love, Co. provided the following information for the current period:
| Sales | $56,200 |
| Selling and Administrative expenses | $5,900 |
| Finished Goods Inventory, beginning balance | $19,900 |
| Finished Goods Inventory, ending balance | $17,300 |
| Cost of goods manufactured | $35,700 |
Calculate the Gross Profit for the firm for the period.
| a. | $23,100 | |
| b. | $12,000 | |
| c. | $14,600 | |
| d. | $17,900 | |
| e. | $20,500 |
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
