**Pederson Company Report**Pederson Company reported the following financial data:- **Manufacturing Costs:** $2,385,000- **Units Manufactured:** 53,000- **Units Sold:** 40,000 units, each sold for $100- **Beginning Inventory:** 0 units**Question:**What is the amount of the gross profit margin?**Options:**A) $2,915,000B) $4,000,000C) $1,615,000D) $2,200,000

GROSS PROFIT MARGIN Gross Profit Margin is Computed by deducting Cost of Goods Sold From Total…

Pederson Company reported the following: Manufacturing costs $2,385,000 Units manufactured Units sold 53,000 40,000 units sold for $100 pe Beginning inventory 0 units What is the amount of gross profit margin? A) $2,915,000 B) $4,000,000 C) $1,615,000

Pederson Company reported the following: Manufacturing costs $2,385,000 Units manufactured Units sold 53,000 40,000 units sold for $100 pe Beginning inventory 0 units What is the amount of gross profit margin? A) $2,915,000 B) $4,000,000 C) $1,615,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

**Pederson Company Report**

Pederson Company reported the following financial data:

- **Manufacturing Costs:** $2,385,000
- **Units Manufactured:** 53,000
- **Units Sold:** 40,000 units, each sold for $100
- **Beginning Inventory:** 0 units

**Question:**

What is the amount of the gross profit margin?

**Options:**

A) $2,915,000

B) $4,000,000

C) $1,615,000

D) $2,200,000

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