Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units 1) What is the amount of gross margin? Select one: a. $1,645,000 b. $1,750,000 C. $5,405,000 d. $3,525,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pederson Company reported the following:
Manufacturing costs
$2,000,000
Units manufactured
50,000
Units sold
47,000 units sold for $75 per unit
Beginning inventory
0 units
1) What is the amount of gross margin?
Select one:
a. $1,645,000
O b. $1,750,000
C. $5,405.000
d. $3,525,000
Transcribed Image Text:Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units 1) What is the amount of gross margin? Select one: a. $1,645,000 O b. $1,750,000 C. $5,405.000 d. $3,525,000
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