Pederson Company Reported the Following What Is the Amount of Gross Profit Margin?
A) $1,750,000

question 146

Multiple Choice

Pederson Company reported the following: $\begin{array}{ll}\text { Manufacturing costs } & \$ 2,000,000 \\\text { Units manufactured } & 50,000 \\\text { Units sold } & 47,000 \text { units sold for } \$ 75 \text { per unit } \\\text { Beginning inventory } & 0 \text { units }\end{array}$ What is the amount of gross profit margin?

• A) $1,750,000
• B) $3,525,000
• C) $5,405,000
• D) $1,645,000

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