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Using the information below, calculate gross profit for the period. Sales $ 1,294,000 Selling expenses 238,000 Finished Goods Inventory, beginning 35,900 Finished Goods Inventory, ending
Using the information below, calculate gross profit for the period.
| Sales | $ 1,294,000 |
|---|---|
| Selling expenses | 238,000 |
| Finished Goods Inventory, beginning | 35,900 |
| Finished Goods Inventory, ending | 40,900 |
| Cost of goods manufactured | 535,000 |
Multiple Choice
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$769,000.
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$525,000.
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$444,200.
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$530,000.
-
$764,000.
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Managerial Accounting
Authors: Cataldo Cpa II, Cma Cgma A J
2nd Edition
1634929241, 978-1634929240
