Betty's Fabrics sold merchandise for $171,000 cash during the month of July.Returns that month totaled $3,600.If the company's gross profit rate is 40%, Betty will report monthly net sales revenue and cost of goods sold of
A) $171,000 and $102,600.
B) $167,400 and $66,960.
C) $167,400 and $100,440.
D) $171,000 and $100,440.
Correct Answer:
Verified
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