Oxford Packing Company reported net sales in November of the current year of $1,000,000.At the beginning of November,the company reported beginning inventory of $368,000.Cost of goods purchased during November amounted to $217,500.The company reported ending inventory at the end of November of $226,750. The company's gross profit rate for November of the current year was:
A)35.9%
B)18.8%
C)81.2%
D)64.1%
E)58.6%

Question

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The Answer of Oxford Packing Company reported net sales in November of the current year of $1,000,000.At the beginning of November,the company reported beginning inventory of $368,000.Cost of goods purchased during November amounted to $217,500.The company reported ending inventory at the end of November of $226,750. The company's gross profit rate for November of the current year was:
A)35.9%
B)18.8%
C)81.2%
D)64.1%
E)58.6%

Oxford Packing Company Reported Net Sales in November of the Current