How do Determine what is gross margin

Assignment Help Accounting Basics

Reference no: EM132703519

Problem1 : Given the following data, what is gross margin?

Sales revenue $950,000

Beginning inventory 150,000

Ending inventory 230,000

Purchases 720,000

A. $150,000

B. $640,000

C. $570,000

D.$31,0000

Reference no: EM132703519

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