At the beginning of the year, Uptown Athletic had an inventory of $600000. During the...
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Accounting
At the beginning of the year, Uptown Athletic had an inventory of $600000. During the year, the company purchased goods costing $2250000. If Uptown Athletic reported ending inventory of $750000 and sales of $3000000, their cost of goods sold and gross profit rate would be
| a) | $1500000 and 70%. |
| b) | $2100000 and 30%. |
| c) | $1500000 and 30%. |
|
| d) $900000 and 70%. |
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