The management of Harlow Corporation, a manufacturing company, would like your help in contrasting the traditional and contribution approaches to the income statement. The company has provided the following financial data for January: The company had no beginning or ending inventories.
-The gross margin for January was:
A) $166,000
B) $110,000
C) $42,000
D) $172,000

Question

The management of Harlow Corporation, a manufacturing company, would like your help in contrasting the traditional and contribution approaches to the income statement. The company has provided the following financial data for January:  The company had no beginning or ending inventories.
-The gross margin for January was:
A) $166,000 
B) $110,000 
C) $42,000 
D) $172,000

Quizplus · Accepted Answer

The gross margin is calculated as sales revenue minus the cost of goods sold. The correct answer is based on the given data or context, which indicates that the gross margin for January is $166,000.

The Management of Harlow Corporation, a Manufacturing Company, Would Like