Glass Industries 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. Glass' gross margin would be:
A) $940,000.
B) $1,190,000.
C) $1,020,000.
D) $380,000.
E) $770,000.

Question

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The Answer of Glass Industries 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. Glass' gross margin would be:
A) $940,000.
B) $1,190,000.
C) $1,020,000.
D) $380,000.
E) $770,000.

Glass Industries Reported the Following Data for the Year Just