The Following Data Is Available -Using the Gross Profit Method,the Cost of Goods Sold Would

question 105

Multiple Choice

The following data is available: $$\begin{array} { | r | r | } \hline \text { Net sales, first month } & \$ 13,000 \\\hline \text { Normal gross profit } & 45 \% \\\hline \text { Beginning inventory } & 8,000 \\\hline \text { Net purchases } & 7,000 \\\hline\end{array}$$
-Using the gross profit method,the Cost of goods sold would be:

• A) $15,000.
• B) $7,150.
• C) $7,850.
• D) $5,850.

Grasp the role of economic structures, including capitalism, in shaping society.

Understand the concept of social solidarity and its forms in traditional and modern societies.

Learn about the sociological importance of class and class consciousness.

Comprehend the impact of sociological research on understanding social phenomena, including suicide rates.

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