The following data come from the inventory records of Dodge Company: $625,000 Beginning inventory 72,000 Net sales revenue Ending inventory Net purchases 47,000 550,000 Based on these facts, the gross profit for Dodge Company is?

The following data come from the inventory records of Dodge Company: $625,000 Beginning inventory 72,000 Net sales revenue Ending inventory Net purchases 47,000 550,000 Based on these facts, the gross profit for Dodge Company is?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

1. Net Sales revenue $625,000 2. Beginning Inventory 72,000 3. Ending Inventory 47,000

The following data come from the inventory records
of Dodge Company:
$625,000
Beginning inventory 72,000
Net sales revenue
Ending inventory
Net purchases
47,000
550,000
Based on these facts, the gross profit for Dodge
Company is?

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