The Following Data Is Available: Using the Gross Profit

question 1

Multiple Choice

The following data is available: Using the gross profit method,the cost of goods sold would be ________.

• A)$12,000
• B)$11,000
• C)$13,000
• D)$9,000

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Definitions:

Mutual Savings Bank

A financial institution owned by its depositors, primarily engaging in saving accounts and residential mortgage lending.