Halles Medical Instruments Has Net Sales and Gross Profit of $1,841,000

question 12

Multiple Choice

Halles Medical Instruments has net sales and gross profit of $1,841,000 and $971,000 respectively. Assuming the cost of goods available were $1,584,000, what was the cost of Halle's ending inventory?

• A) $747,000
• B) $460,000
• C) $350,000
• D) $714,000

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