Bargain Merchandisers has the following transactions for the month of July. Net Sales Revenue $419,000 Cost of Goods Sold 300,000 Operating Expenses 85,000 Interest Revenue 6,000 Calculate Gross Profit. A. $119,000 B. $40,000 C. $28,000 D.

Bargain Merchandisers has the following transactions for the month of July. Net Sales Revenue $419,000 Cost of Goods Sold 300,000 Operating Expenses 85,000 Interest Revenue 6,000 Calculate Gross Profit. A. $119,000 B. $40,000 C. $28,000 D.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 3E: Cost of goods soldmerchandiser The following data were taken from the general ledger of Owens...

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Question

Bargain Merchandisers has the following transactions for the month of July.

Net Sales Revenue	$419,000
Cost of Goods Sold	300,000
Operating Expenses	85,000
Interest Revenue	6,000

Calculate Gross Profit.

$119,000

$40,000

$28,000

$34000

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