Use the following data: Item Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Sales $6,800,000 $7,200,000 $7,200,000 $7,800,000 COGS $4,080,000 $4,320,000 $4,680,000 Inventory $950,000 $1,000,000 $900,000 What is the Gross Profit for 2022?

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 25P: LO.2 Oak Corporation has the following general business credit carryovers. If the general business...
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Kindly help me with this question general Accounting

Use the following data:
Item
Dec 31, 2021 Dec 31, 2022 Dec 31, 2023
Sales
$6,800,000 $7,200,000
$7,200,000 $7,800,000
COGS
$4,080,000
$4,320,000 $4,680,000
Inventory $950,000
$1,000,000
$900,000
What is the Gross Profit for 2022?
Transcribed Image Text:Use the following data: Item Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Sales $6,800,000 $7,200,000 $7,200,000 $7,800,000 COGS $4,080,000 $4,320,000 $4,680,000 Inventory $950,000 $1,000,000 $900,000 What is the Gross Profit for 2022?
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