On November 1,2019,Alpha Omega,Inc

question 187

Multiple Choice

On November 1,2019,Alpha Omega,Inc.sold merchandise for $16,000,FOB destination,with payment terms,n/30.The cost of goods sold was $5,280.On November 3,the customer returns on this sale amounted to $6,400.The company received the balance on November 9,2019.Calculate the gross profit from these transactions.

• A) $2,112
• B) $6,432
• C) $5,280
• D) $3,168

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