The following information pertains to Morrow’s Mannequins: Manufacturing Cost $2,170,000 Unites Manufactured 32,000 Unites Sold 28,500 units sold for $90 per unit Beginning inventory 0 units What is the amount of gross margin? $270,000 $2,170,000 $1,995,000 $632,344
The following information pertains to Morrow’s Mannequins: Manufacturing Cost $2,170,000 Unites Manufactured 32,000 Unites Sold 28,500 units sold for $90 per unit Beginning inventory 0 units What is the amount of gross margin? $270,000 $2,170,000 $1,995,000 $632,344
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
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 4MCQ
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The following information pertains to Morrow’s Mannequins:
Unites Manufactured 32,000
Unites Sold 28,500 units sold for $90 per unit
Beginning inventory 0 units
What is the amount of gross margin?
- $270,000
- $2,170,000
- $1,995,000
- $632,344
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