Reference no: EM132614744
Duncan Manufacturing Company began operations on January 1, 2011. During the year, it B started and completed 50 units. The company has the following transactions:
1) Acquired $30,000 cash by issuing common stock.
2) Paid $10,000 for materials.
3) Paid $6,000 for administrative salaries.
4) Paid $8,000 for wages of production workers.
5) Depreciation of office furniture $2,500.
6) J. Depreciation of manufacturing equipment $3,500.
7) Collected $28,000 in cash for sales of 45 units.
Question 1: What is the gross margin period explain
Option a 2,150
Option b 8,650
Option c 28,000
Option d 30,000
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