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ter 5 - Merchandising Operations S Merchandising The following amounts have been extraaed from' the accounts o' year-end. December 3'.200: Sales SSOOOO Cost of Goods

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ter 5 - Merchandising Operations

S Merchandising The following amounts have been extraaed from' the accounts o' year-end. December 3'.200: Sales SSOOOO Cost of Goods sold sgs.ooo Inventory S'O_OOO Account Payable SOOOO The gross profit which Senat would report is O S40000 O S42.ooo O ss.ooo O None of the others "ternatives correct O S50000 OuestJ

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