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Answer the Following Questions Using the Information Below -What Is Gross Margin for 2015?
A) $243,000
B) $238,000

Question 77

Multiple Choice

Answer the following questions using the information below:
 Beginning finished goods, 1/1/2015$46,000 Ending finished goods, 12/31/201538,000 Cost of goods sold 250,000 Sales revenue 488,000 Operating expenses 112,000\begin{array}{lr}\text { Beginning finished goods, } 1 / 1 / 2015 & \$ 46,000 \\\text { Ending finished goods, } 12 / 31 / 2015 & 38,000 \\\text { Cost of goods sold } & 250,000 \\\text { Sales revenue } & 488,000 \\\text { Operating expenses } & 112,000\end{array}
-What is gross margin for 2015?


A) $243,000
B) $238,000
C) $318,000
D) $228,000

Correct Answer:

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