This Question 1 pt 29 of 44 27 complete A company has 4300 i

This Question: 1 pt 29 of 44 (27 complete) A company has $4,300 in net sales, $3,100 in gross profit $1,100 in ending inwentory, and $1,400 im begining inventory The cost of goods sos is OA. $2,900 0 B. $1,700. O c. $3,100. O D. $1,200 Click to select your answer

Solution

The Total revenue earned before deducting the expenses connected with that revenus is the Gross profit

Gross profit = Net sales - Cost of goods sold

$3,100 = $4,300 - Cost of goods sold

Cost of goods sold = $4,300-$3,100 = $1,200