sign $7$ Fall $2023$ Ch$8-$

$-15$

Question $7$ of $22$

Current Attempt in Progress

Grouper Corporation's retail store and warehouse closed for an entire weekend while the year$-$end inventory was counted. When the count was finished, the controller gathered all the count books and information from the clerical staff, completed the ending inventory calculations, and prepared the following partial income statement for the general manager for Monday morning:

Sales

$$2,752,000$

Beginning inventory

Purchases

Total goods available for sale

Less: Ending inventory

Cost of goods sold

Gross profit

$ $646,000$

$\backslash$table$[[1,550,000$