contestada

Calculate the gross profit for Jefferson Company based on the following: Sales $764,000 Selling expenses 42,500 Cost of merchandise sold 538,000 a.$721,500 b.$183,500 c.$495,500 d.$226,000

Respuesta :

Samawati

Answer:

$226,000.00

Explanation:

The cost of merchandise sold is same as the cost of goods sold, COGS.

COGS is calculated using the formula ,  beginning inventory + purchases - closing inventory.

Gross profist is calculated as sales - revenue

= $764,000 - $538,000

=$226,000.00

Parrain

Based on the given balances for Jefferson Company, the gross profit will be d. $226,000.

What is the gross profit?

This can be found by the formula:

= Sales - Cost of merchandise sold

Solving gives:

= 764,000 - 538,000

= $226,000.

In conclusion, option D is correct.

Find out more on gross profit at https://brainly.com/question/1358513.

Otras preguntas