Multiple Choice
A company had expenses other than cost of goods sold of $175,000.Determine sales and gross profit given cost of goods sold was $622,000 and net loss was ($41,000) .
A) Sales: $838,000: gross profit: $216,000
B) Sales: $756,000: gross profit: $134,000
C) Sales: $797,000: gross profit: $756,000
D) Sales: $756,000: gross profit: $797,000
E) Sales: $134,000: gross profit: $216,000
Correct Answer:

Verified
Correct Answer:
Verified
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