Barger Company Had the Following Information at December 31: Finished

question 151

Multiple Choice

Barger Company had the following information at December 31: Finished goods inventory January 1 $ 90000
Finished goods inventory December 31 126000
If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000 how much is the amount of gross profit for the year?

• A) $1099000
• B) $1009000
• C) $1859000
• D) $1135000