2018
|
|
670,000
|
Cost of Goods Sold
|
50,000
|
Gross Profit
|
(A)
|
Net Sales
|
Required: Determine the
missing values.
Solution:
Gross Profit = Net sales - Cost of
Goods Sold
50,000 = (A)
- 670,000
50,000 + 670,000 = (A)
(A) = 720,000
