Question
Taylor Company had the following information at December 31: Finished goods inventory, January 1$80,000 Finished goods inventory, December 31115,000 If the cost of goods manufactured
Taylor Company had the following information at December 31: Finished goods inventory, January 1$80,000 Finished goods inventory, December 31115,000 If the cost of goods manufactured during the year amounted to $1,895,000 and annual sales were $2,864,000, how much is the amount of gross profit for the year?
Select one:
A. $1,860,000B. $1,004,000C. $1,975,000D. $1,024,000E. None of the above
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
