Lakeshore Manufacturing Provided the Following Information for the Month Ended

question 178

Multiple Choice

Lakeshore Manufacturing provided the following information for the month ended March 31: $\begin{array} {| l | r | } \hline \text { Sales Revenue } & \$ 30,000 \\\hline \text { Beginning Finished Goods Inventory } & 17,000 \\\hline \text { Ending Finished Goods Inventory } & 11,500 \\\hline \text { Cost of Goods Manufactured } & 12,600 \\\hline\end{array}$ Compute gross profit.

• A) $11,900
• B) $17,400
• C) $22,900
• D) $5900