The Net Sales of a Company Is $300,000

question 93

Multiple Choice

The net sales of a company is $300,000.The cost of goods available for sale is $280,000 and the gross profit percentage is 35%.What is the amount of ending inventory?

• A)$105,000
• B)$195,000
• C)$85,000
• D)$70,000

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Definitions:

Refreezing

The process of stabilizing a system or behavior after a change has occurred to ensure the change is maintained.

Changing

Changing involves making something different, modifying or transforming it from its original state.

Implemented

Describes the process of putting plans, strategies, or policies into action within an organization or system.

Mourning

The process of expressing grief and sorrow after losing someone or something significant.