Barger Company Had the Following Information at December 31

question 122

Multiple Choice

Barger Company had the following information at December 31: If the cost of goods manufactured during the year amounted to $1,895,000 and annual sales were $2,994,000, how much is the amount of gross profit for the year?

• A) $1,099,000
• B) $1,009,000
• C) $1,859,000
• D) $1,135,000

---

Definitions:

Insurance

A financial product that provides protection against potential future losses or damages to individuals or property.

Klutzes

Describes persons who are clumsy, often making mistakes or causing accidents in a somewhat comical or endearing way.

Personal Hygiene

Practices and habits that are intended to care for one's bodily health and well-being, through cleanliness.

Macroeconomics

A branch of economics dealing with the structure, performance, behavior, and decision-making of an economy as a whole, rather than individual markets.