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Vlad1618 [11]
2 years ago
13

XYZ Manufacturing reported the following:

Business
1 answer:
lawyer [7]2 years ago
7 0

Answer:

the gross profit of XYZ is $294,000

Explanation:

The computation of the gross profit is shown below:

= Revenue - cost of goods sold

= $485,000 - ($38,000 + $186,000 - $33,000)

= $485,000 - $191,000

= $294,000

Hence, the gross profit of XYZ is $294,000

The above formula should be used for the same

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