Barger Company had the following information at December 31: Finished goods inventory, January $ 1 \quad \$ 90,000 $
Finished goods inventory, December $ 31 \quad 126,000 $ If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000 how much is the amount of gross profit for the year?
A)$1099000
B)$1009000
C)$1859000
D)$1135000

Question

Quizplus · Accepted Answer

The Answer of Barger Company had the following information at December 31: Finished goods inventory, January $ 1 \quad \$ 90,000 $
Finished goods inventory, December $ 31 \quad 126,000 $ If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000 how much is the amount of gross profit for the year?
A)$1099000
B)$1009000
C)$1859000
D)$1135000

Barger Company Had the Following Information at December 31: Finished 1$90,000 1 \quad \$ 90,000 1$90,000

Barger Company Had the Following Information at December 31: Finished $1 \quad \$ 90,000$