Cushman Company had $836,000 in sales, sales discounts of $12,540, sales and returns and allowances of $18,810, cost of goods sold of $397,100, and operating expenses of $287,585. What was the gross profit?

Cushman Company had $836,000 in sales, sales discounts of $12,540, sales and returns and allowances of $18,810, cost of goods sold of $397,100, and operating expenses of $287,585. What was the gross profit?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Answer? ?

Cushman Company had $836,000 in sales, sales
discounts of $12,540, sales and returns and allowances
of $18,810, cost of goods sold of $397,100, and
operating expenses of $287,585.
What was the gross profit?

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