Wessling Consultants, LLC is a service firm, reporting a negative gross margin of ($30,000) and adjusted Cost of Goods Sold of $60,000. What was Wessling Consultant's sales for this same period?

Name: Wessling Consultants, LLC is a service firm, reporting a negative gross margin of ($30,000) and adjusted Cost of Goods Sold of $60,000. What was Wessling Consultant's sales for this same period?
Brand: Quizplus
Rating: 5.0 (56 reviews)

Question

Quizplus · Accepted Answer

Sales - COGS = GM; Restated, GM + COGS = Sales; -$30,000 Gross Margin + $60,000 COGS = Sales $30,000

Wessling Consultants, LLC Is a Service Firm, Reporting a Negative