Question

Tuity fruity beverage​ company's operating activities for the year are listed below. purchases ​$140 comma 500 operating expenses 80 comma 600 beginning inventory 12 comma 900 ending inventory 18 comma 300 sales revenue 300 comma 700 what is the gross profit for the​ year?

Answer 1

Answer:

$135,100

Explanation:

Given :

Cost of purchasing: $140,500

Operating expenses :$80,600

beginning inventory:$12,900

Ending inventory:$18,300

sales revenue :$300,700

Gross profit of the year can be determined by

Cost of purchasing + beginning inventory - Ending inventory

=140,500 + 12,900 -18,300

=$153,400-$18,300

=$135,100