All of the following are used to compute gross profit except:

Name: All of the following are used to compute gross profit except:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross profit is calculated as sales minus the cost of goods sold (COGS). While sales, purchase returns and allowances, and purchases are directly related to the calculation of COGS, sales salary expense is considered an operating expense and does not factor into the computation of gross profit.

All of the Following Are Used to Compute Gross Profit