The following information pertains to ABC Corporation: Beginning raw materials inventory Ending raw materials inventory Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory Cost of goods manufactured Sales $37,000 $45,000 $18,000 $25,000 $36,000 $30,000 $241,000 $299,000 What is the gross profit earned by the ABC Corporation? Instructions: Input your answer without using a dollar Tign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)

The following information pertains to ABC Corporation: Beginning raw materials inventory Ending raw materials inventory Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory Cost of goods manufactured Sales $37,000 $45,000 $18,000 $25,000 $36,000 $30,000 $241,000 $299,000 What is the gross profit earned by the ABC Corporation? Instructions: Input your answer without using a dollar Tign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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