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QUESTION 4 The Grand Company records the following activities during the month of November: Sales of inventory total 1,200 units. The price per unit
QUESTION 4 The Grand Company records the following activities during the month of November: Sales of inventory total 1,200 units. The price per unit is $17, and the cost per unit of inventory is $10. Employees work 220 hours, earning an average wage of $16/hour. The rent for the company's shop is $700 for the month. Utilities and other expenses total $1,000. The company spends cash to purchase a total of 1,400 units of inventory at a cost of $11 per unit. Calculate the following for the month of November: (Note: enter whole numbers with no $ sign or commas) a. Total revenue b. Cost of Goods Sold c. Gross profit d. Total other operating expenses e. Net income
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