28. Dillard commany has sales revenues of $1,000,000 cost of goods sales of $723

Question

28. Dillard commany has sales revenues of $1,000,000 cost of goods sales of $723,000 and operating expenses of $250,000, what is gross profit? 29. So much inventory inc had total inventory available for sales of $1,524,000 for 2016 their inventory at december 31 2016 was$26,000 how much was their cost of goods sales for the years 2016 28. Dillard commany has sales revenues of $1,000,000 cost of goods sales of $723,000 and operating expenses of $250,000, what is gross profit? 29. So much inventory inc had total inventory available for sales of $1,524,000 for 2016 their inventory at december 31 2016 was$26,000 how much was their cost of goods sales for the years 2016 28. Dillard commany has sales revenues of $1,000,000 cost of goods sales of $723,000 and operating expenses of $250,000, what is gross profit? 29. So much inventory inc had total inventory available for sales of $1,524,000 for 2016 their inventory at december 31 2016 was$26,000 how much was their cost of goods sales for the years 2016

Explanation / Answer

28. Waht is Gross profit (gross profit = Sasles revenue - Cost of goods sold)

Sales Revenue = $1,000,000

Less: Cost of goods sold = ($723,000)

Gross profit = $277,000

29. how much was their cost of goods sales for the years 2016 ( inventory available for sales- closing inventory)

Inventory available for sales = $1,524,000

less: ending inventory = ($26,000)

Cost of goods sales =$1,498,000

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