A company reported revenues of $377,000, cost of goods sold of $122,000, selling expenses of $12,000, and total operating costs of $72,000. Gross margin for the year is ________.
A) $255,000
B) $243,000
C) $171,000
D) $293,000

Name: A company reported revenues of $377,000, cost of goods sold of $122,000, selling expenses of $12,000, and total operating costs of $72,000. Gross margin for the year is ________. A) $255,000 B) $243,000 C) $171,000 D) $293,000
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Question

Quizplus · Accepted Answer

$377,000 - $122,000 = $255,000

A Company Reported Revenues of $377,000, Cost of Goods Sold