A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is: a) $240,000 b) $600,000 c) $750,000 d) $270,000
A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is: a) $240,000 b) $600,000 c) $750,000 d) $270,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company manufactured 50,000 units of a
product at a cost of $450,000. It sold 45,000
units at $15 each. The gross profit is:
a) $240,000
b) $600,000
c) $750,000
d) $270,000
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