Gross profit. (5 pts.) Read the following Information: Inventory as of March 1 500,000.00,...
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Gross profit. (5 pts.) Read the following Information: Inventory as of March 1 500,000.00, Discount on purchases 70,000.00, Inventory as of March 31 350,000.00, Returns on sales 245,000.00, Sales 3,800,000.00, Returns on purchases 60,000.0 0, Purchases 1,876,000.00, Freight on sales 15,000.00 , Discount on sales 90,000.00, Freight on purchases 46,000.00, VAT payable on purchases (supported) 243,880.00, VAT payable on sales (accrued) 494,000.00. Based on the above, this entity has a gross profit on sales of:
a) 1.523.000,00 b) 3.465.000,00 c) 1.766.880,00 d) 3.959.000,00
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