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Tee company had a 24000 beginning inventory and a 31000

Question - Tee Company had a $24,000 beginning inventory and a $31,000 ending inventory. Net sales were $184,000; purchase, $85,000; purchase returns and allowances, $7,000; and freight in, $8,000. Cost of goods sold for the period is $79,000.

Required - What is Tee's gross profit percentage (rounded to the nearest percentage)?

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Accounting Basics: Tee company had a 24000 beginning inventory and a 31000

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Accounting Basics: Tee company had a 24000 beginning inventory and a 31000

Reference No:- TGS02519820

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