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On November 1, 2019, a company sold merchandise for $16,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5280. On November

On November 1, 2019, a company sold merchandise for $16,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5280. On November 3, the customer returns on this sale amounted to $6400. The company received the balance on November 9, 2019. Calculate the gross profit from these transactions. O $6432 O $5280 O $3168 O $2112
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On November 1,2019, a company sold merchandise for $16,000,FOB destination, with payment terms, n/30. The cost of goods sold was 55280 . On November 3, the customer returrs on this sale amounted to $6400. The company received the balance on November 9, 2019. Calculate the gross profit from these transactions. 5sin2 $5280 $3168 $2112

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