Extra Manufacturing Maintains a Gross Margin of 30% on All

question 103

Multiple Choice

Extra Manufacturing maintains a gross margin of 30% on all of its merchandise. In March the company had a beginning inventory of $416,800, net purchases of $201,500, and net sales of $660,200. Use the gross profit method to estimate the cost of ending inventory as of March 31.

• A) $420,240
• B) $569,940
• C) $264,080
• D) $156,160

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Definitions:

Diabetes Management

The process of monitoring and regulating blood glucose levels through lifestyle choices, medication, and potentially insulin therapy to manage diabetes.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, such as coronary artery disease, heart attacks, and stroke.

Type 2 Diabetes

A chronic condition characterized by high blood sugar levels due to the body’s inability to use insulin properly, often associated with obesity and lifestyle factors.