Multiple Choice
Andover Inc. had a gross margin for the month of February totaling $42,000. They sold 5,000 units during the month at a sales price of $20 per unit. What was the amount of cost of goods sold for the month?
A) $100,000
B) $42,000
C) $58,000
D) none of these are correct
Correct Answer:
Verified
Correct Answer:
Verified
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