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Current Attempt in Progress At the beginning of the year, Vaughn Company had an...

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Accounting

Current Attempt in Progress
At the beginning of the year, Vaughn Company had an inventory of $762000. During the year, the company purchased goods costing $1555400. If Vaughn Company reported ending inventory of $99000 and sales of $3760000, the company's cost of goods sold and gross profit rate must be
$2218400 and 41.0%.
$1541600 and 69.5%.
$2218400 and 59.0%.
$1541600 and 41.0%.
Attempts: 0 of 1 used
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