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kicyunya [14]
2 years ago
14

FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month,

the company generated $6,000 of sales revenue. On Sept. 30, the company had $1,800 of inventory remaining, along with $550 of cleaning supplies. What was FIllmore Company's gross profit for the month of September?
Business
1 answer:
jarptica [38.1K]2 years ago
5 0

Answer: $3,400

Explanation:

Gross Profit = Sales revenue - Cost of Goods sold

Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory

= 0 + 4,400 - 1,800

= $2,600

Gross Profit = 6,000 - 2,600

= $3,400

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