In Its First Year of Operations as a Retailer, Dudley

question 39

Multiple Choice

In its first year of operations as a retailer, Dudley Ltd.reported a gross profit of $121,000, total purchases of $150,000, and an ending inventory of $60,000.Therefore, Dudley's sales in its first year must have been

• A)$61,000.
• B)$90,000.
• C)$210,000.
• D)$211,000.