Question
Obi-Wan, Inc., a new business, purchased 189 jars of Naboo Fruit at $2 each. During its first month of operations, Obi-Wan sold 96 of
Obi-Wan, Inc., a new business, purchased 189 jars of Naboo Fruit at $2 each. During its first month of operations, Obi-Wan sold 96 of these jars for $5 each. What amount will Obi-Wan report for gross profit during its first month? Please enter your answer as a whole number without a dollar sign (e.g., 100).
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
