In 2021, Happy Paws Company purchased 22,000 units from its supplier at a cost of $12 per unit. Happy Paws sold 18,500 units of its product at a price of $28 per unit. The company started the year with $978,000 in inventory (inventory is carried at a cost of $12 per unit). Using this information, compute Happy Paws' gross profit for 2021.
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compute happy paws gross profit for 2021
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- Compute the compony gross profit percentage for 2019.calculate the gross profit and cost of goods sold for MBI for fiscal 2019?Vaughn Manufacturing had January 1 inventory of $300000 when it adopted dollar-value LIFO. During the year, purchases were $1850000 and sales were $2930000. December 31 inventory at year-end prices was $435480, and the price index was 114.What is Vaughn Manufacturing’s gross profit?
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