Calculate Gross Profit If Sales Are $90,000, Inventory at Beginning

question 34

Multiple Choice

Calculate gross profit if sales are $90,000, inventory at beginning is $5,600, purchases of inventory are $30,500 and inventory at end is $4,900.

• A)$41,000.
• B)$31,200.
• C)$58,800.
• D)$59,500.