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operating activities for the year are listed below. Purchases $100,000 Operating expenses $80,000 Beginning inventory $50,000 Ending inventory $60,000 Sales revenue $500,000 What is the

operating activities for the year are listed below.

Purchases $100,000
Operating expenses $80,000
Beginning inventory $50,000
Ending inventory $60,000
Sales revenue $500,000

What is the cost of goods sold for the year?

What is the gross profit for the year?

None of the above
$90,000
$330,000
$150,000
$410,000

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