[The following information applies to the questions displayed below.]
Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions.This year,the store has begun to carry the Flat TV manufactured by Bass Co.Thus far,Washington has recorded the following transactions involving the Flat TV:

-If Washington uses a perpetual inventory system,the gross profit on the Flat TVs as of February 12th is:
A)$11,200.
B)$2,700.
C)$4,100.
D)$15,300.

Question

[The following information applies to the questions displayed below.]
Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions.This year,the store has begun to carry the Flat TV manufactured by Bass Co.Thus far,Washington has recorded the following transactions involving the Flat TV:
 
-If Washington uses a perpetual inventory system,the gross profit on the Flat TVs as of February 12th is:
A)$11,200. 
B)$2,700. 
C)$4,100. 
D)$15,300.

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The Answer of [The following information applies to the questions displayed below.]
Washington Warehouse is a small retail business that specializes in the sale of top-of-the-line televisions.This year,the store has begun to carry the Flat TV manufactured by Bass Co.Thus far,Washington has recorded the following transactions involving the Flat TV:
 
-If Washington uses a perpetual inventory system,the gross profit on the Flat TVs as of February 12th is:
A)$11,200. 
B)$2,700. 
C)$4,100. 
D)$15,300.

[The Following Information Applies to the Questions Displayed Below