Multiple Choice
Barger Company had the following information at December 31: Finished goods inventory January 1 $ 90000
Finished goods inventory December 31 126000
If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000 how much is the amount of gross profit for the year?
A) $1099000
B) $1009000
C) $1859000
D) $1135000
Correct Answer:
Verified
Correct Answer:
Verified
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