Pfalzgraf Corporation, a manufacturing company, has provided the following financial data for January: The company had no beginning or ending inventories.
-The gross margin for January was:
A) $14,000
B) $151,000
C) $91,000
D) $163,000

Question

Pfalzgraf Corporation, a manufacturing company, has provided the following financial data for January:  The company had no beginning or ending inventories.
-The gross margin for January was:
A) $14,000 
B) $151,000 
C) $91,000 
D) $163,000

Quizplus · Accepted Answer

Gross margin = Sales - Cost of goods sold = $242,000 - $91,000 = $151,000

Pfalzgraf Corporation, a Manufacturing Company, Has Provided the Following Financial