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What is stan gross revenue from the sale

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Question - School's back in session and Stan at 'The Bizzy Bee' has sold 85 of his Fidget Bands this week alone, and at the end of September, he had sold 142 total. He purchased 500 of them in August at $1,200 including shipping, and he is selling them for $12.99 each.

Required -

1) What is the purchase cost (or inventory value cost) for those 500 units before any sales?

2) What is Stan's gross revenue from the sale of his 142 Fidget Bands?

3) What is Stan's COGS for those 142 Fidget Bands?

4) What is the gross profit on Stan's income statement for the sale of those 142 Fidget Bands?

Reference no: EM133188324

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