Table 5-2 $$\begin{array} { | l | r | }
\hline \text { Sales revenue } & \$ 382,000 \
\hline \text { Net sales revenue } & \$ 360,000 \
\hline \text { Gross margin } & 255,000 \
\hline \text { Operating expenses } & 132,000 \
\hline \text { Interest expense } & 30,000 \
\hline \text { Interest revenue } & 60,000 \
\hline
\end{array}$$
-Referring to Table 5-2, cost of goods sold is:
A)$105,000.
B)$78,000.
C)$100,000.
D)$27,000.

Question

Table 5-2 $$\begin{array} { | l | r | } 
\hline \text { Sales revenue } & \$ 382,000 \
\hline \text { Net sales revenue } & \$ 360,000 \
\hline \text { Gross margin } & 255,000 \
\hline \text { Operating expenses } & 132,000 \
\hline \text { Interest expense } & 30,000 \
\hline \text { Interest revenue } & 60,000 \
\hline
\end{array}$$
-Referring to Table 5-2, cost of goods sold is:
A)$105,000.
B)$78,000.
C)$100,000.
D)$27,000.

Quizplus · Accepted Answer

Cost of goods sold is calculated as Sales Revenue minus Gross Margin. From the table, Sales Revenue is $382,000 and Gross Margin is $255,000. Therefore, Cost of Goods Sold = $382,000 - $255,000 = $127,000. However, since the correct options provided do not match this calculation, and considering the possibility of a mistake in my previous calculation or a misunderstanding of the question's context (perhaps it meant to refer to Net Sales Revenue instead), the correct calculation using Net Sales Revenue should be: $360,000 (Net Sales Revenue) - $255,000 (Gross Margin) = $105,000. This aligns with option A.

Table 5-2 -Referring to Table 5-2, Cost of Goods Sold Is: A)$105,000

Table 5-2 -Referring to Table 5-2, Cost of Goods Sold Is:
A)$105,000