In 2010 the BowWow Company purchased 14626 units from its su

In 2010, the BowWow Company purchased 14,626 units from its supplier at a cost of $ 15 per unit. BowWow sold 10,986 units of its product in 2010 at a price of $ 24 per unit. BowWow began 2010 with $ 843,061 in inventory (inventory is carried at a cost of $ 15 per unit). Using this information, compute BowWow\'s gross profit for 2010.

Calculate gross profit :

Sales (10986*24)	263664
Less: Cost of goods sold (10986*15)	(164790)
Gross profit	98874

In 2010, the BowWow Company purchased 14,626 units from its supplier at a cost of $ 15 per unit. BowWow sold 10,986 units of its product in 2010 at a price of $

In 2010 the BowWow Company purchased 14626 units from its su

Solution

Get Help Now

Submit a Take Down Notice