Answered: Operating expenses $ 49000 Sales…

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Operating expenses $ 49000 Sales revenue 208000 Cost of goods sold 157000 The gross profit rate would be

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 1CE: LO1 If the ending inventory is overstated by 10,000, indicate what, if anything, is incorrect about...

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Operating expenses		$ 49000
Sales revenue		208000
Cost of goods sold		157000

The gross profit rate would be

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