Shin Manufacturers reports the following information at the end of the current year: What is the gross margin at year-end for Shin Manufacturers?
A) $46,000
B) $70,000
C) $92,000
D) $158,000

Name: Shin Manufacturers reports the following information at the end of the current year: What is the gross margin at year-end for Shin Manufacturers? A) $46,000 B) $70,000 C) $92,000 D) $158,000
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Question

Shin Manufacturers reports the following information at the end of the current year:  What is the gross margin at year-end for Shin Manufacturers?
A) $46,000 
B) $70,000 
C) $92,000 
D) $158,000

Quizplus · Accepted Answer

Gross Margin = Sales Revenue - Cost of Goods Sold = $125,000 - $33,000 = $92,000.

Shin Manufacturers Reports the Following Information at the End of the Current