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Please help. NewHope, Inc. is a merchandiser of stone ornaments. It sold15,000 units during the year. The company has provided the followinginformation: Sales Revenue $525,000

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NewHope, Inc. is a merchandiser of stone ornaments. It sold15,000 units during the year. The company has provided the followinginformation:
Sales Revenue $525,000
Purchases(excluding FreightIn) 347,000
Selling and Administrative Expenses 36,500
Freight In 15,500
Beginning Merchandise Inventory 42,000
Ending Merchandise Inventory

55,500
How much is the gross profit for theyear? A. $349,000 B. $178,000 C. $212,500 D. $176,000

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