the following information is available for crouching alligator manufacturing company 4375512

The following information is available for Crouching Alligator Manufacturing Company for the month ending October 31, 2016: Cost of goods manufactured ………………….. $450,000 Selling expenses ……………………………… 144,500 Administrative expenses …………………….. 75,900 Sales ………………………………………… 911,250 Finished goods inventory, July 1 ……………. 101,250 Finished goods inventory, July 31 ………….. 93,800 For the month ended October 31, 2016, determine Crouching Alligator’s (a) cost of goods sold, (b) gross profit, and (c) net income. View Solution:
The following information is available for Crouching Alligator Manufacturing Company

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