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Lakeshore Manufacturing Provided the Following Information for the Month Ended

Question 165

Multiple Choice

Lakeshore Manufacturing provided the following information for the month ended March 31:  Sales Revenue $30,000 Beginning Finished Goods Inventory 17,000 Ending Finished Goods Inventory 11,500 Cost of Goods Manufactured 12,600\begin{array} { | l | r| } \hline \text { Sales Revenue } & \$ 30,000 \\\hline \text { Beginning Finished Goods Inventory } & 17,000 \\\hline \text { Ending Finished Goods Inventory } & 11,500 \\\hline \text { Cost of Goods Manufactured } & 12,600 \\\hline\end{array} Compute gross profit.


A) $11,900
B) $17,400
C) $22,900
D) $5900

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