Accounting
oimmonsnriciaruThe following financial information pertains to Copper Supply Company:
• Cash sales, $150,000
• Credit sales, $450,000
• Selling and administrative expenses, $95,000
• Sales returns and allowances, $15,000
• Gross profit, $325,000
• Increase in accounts receivable, $25,000
• Bad debt expense, $8,000
• Sales discounts, $22,500
• Net income, $100,000
Copper's cost of goods sold is _____.
[removed] | A. | $245,500 |
[removed] | B. | $275,000 |
[removed] | C. | $237,500 |
[removed] | D. | $212,500 |
- 7 years ago
- 5
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