Amaz-a-nation reported the following data for the year just ended: sales revenue, $1,750,000; cost of goods sold, $980,000; cost of goods manufactured, $560,000; and selling and administrative expenses, $170,000. Amaz-a-nation's gross margin would be:
A) $940,000.
B) $1,190,000.
C) $1,020,000.
D) $380,000.
E) $770,000.

Question

Quizplus · Accepted Answer

The Answer of Amaz-a-nation reported the following data for the year just ended: sales revenue, $1,750,000; cost of goods sold, $980,000; cost of goods manufactured, $560,000; and selling and administrative expenses, $170,000. Amaz-a-nation's gross margin would be:
A) $940,000.
B) $1,190,000.
C) $1,020,000.
D) $380,000.
E) $770,000.

Amaz-A-Nation Reported the Following Data for the Year Just Ended