Answer the Following Questions Using the Information Below -What Is Gross Margin for 2015?
A) $243,000
B) $238,000

question 77

Multiple Choice

Answer the following questions using the information below:
$\begin{array}{lr}\text { Beginning finished goods, } 1 / 1 / 2015 & \$ 46,000 \\\text { Ending finished goods, } 12 / 31 / 2015 & 38,000 \\\text { Cost of goods sold } & 250,000 \\\text { Sales revenue } & 488,000 \\\text { Operating expenses } & 112,000\end{array}$
-What is gross margin for 2015?

• A) $243,000
• B) $238,000
• C) $318,000
• D) $228,000

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