Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 6

Cost of goods sold, profit margin, and net income for a manufacturing company
The following information is available for Crouching Alligator Manufacturing Company for the month ending October 31, 2016:

For the month ended October 31, 2016, determine Crouching Alligator's (a) cost of goods sold, (b) gross profit, and (c) net income.