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Over the Top,Inc

Question 43

Multiple Choice

Over the Top,Inc.sells hats to upscale retailers around the world.Information about inventory is contained in the table below.The company uses a FIFO perpetual inventory system. Over the Top,Inc.sells hats to upscale retailers around the world.Information about inventory is contained in the table below.The company uses a FIFO perpetual inventory system. Determine the gross profit. A) $42,000 B) $34,750 C) $30,500 D) $30,2500 Determine the gross profit.


A) $42,000
B) $34,750
C) $30,500
D) $30,2500

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