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On November 1, 2019, Alpha Omega, Inc. sold merchandise for $13,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,200. On
On November 1, 2019, Alpha Omega, Inc. sold merchandise for $13,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,200. On November 3, the customer returns on this sale amounted to $5,200. The company received the balance on November 9, 2019. Calculate the gross profit from these transactions. O A. $5,200 B. $2,080 O C. $4,680 O D. $3,120
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