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Baco opens its business in 20x2 and purchases merchandise on account for $88000. In 20x2, baco pays $67000 cash on the $88000 due, sales are $145000 and ending inventory is $24000. Baco gross profit for 20x2 is?

Respuesta :

oreoluwa2001ng

Answer:$81,000

Explanation:

Sales is $145,000

Less:

Cost of goods sold is purchases less closing inventory

$88,000 - $24,000

= $64,000

Gross profit = $145,000 - $64,000

= $81,000

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