The Company's Gross Profit Based on the Following Is Sales

question 16

Multiple Choice

The company's gross profit based on the following is sales $48,000, sales returns and allowances $6,000, operating expenses $6,200, beginning inventory $900, net purchases $9,100, ending inventory $2,300.

• A) $34,000
• B) $43,000
• C) $34,003
• D) $34,300
• E) None of these