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Using the following information, what is the amount of gross profit? Purchases $28,285 Selling expense $862 Inventory, September 1 5,947 Inventory, September 30 10,718 Administrative
Using the following information, what is the amount of gross profit?
Purchases $28,285 Selling expense $862
Inventory, September 1 5,947 Inventory, September 30 10,718
Administrative expense 1,065 Sales 45,771
Rent revenue 1,150 Interest expense 983
A. $27,256
B. $22,257
C. $983
D. $23,514
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