Question

a company has net sales of $403,800 and its gross profit is $170,300. its cost of goods sold is: multiple choice $170,300. $209,800. $574,100. $403,800. $233,500.

Answer 1

The cost of goods sold is $233,500.

Step-by-step explanation:

The cost of goods sold can be calculated by subtracting the gross profit from the net sales. In this case, the net sales is $403,800 and the gross profit is $170,300. So, the cost of goods sold is $403,800 - $170,300 = $233,500.

Answer 2

The cost of goods sold for the company is calculated by subtracting the gross profit from net sales, which results in a COGS of $233,500.

Step-by-step explanation:

The cost of goods sold (COGS) can be calculated by subtracting the gross profit from net sales. Given that the company has net sales of $403,800 and a gross profit of $170,300, the COGS is calculated as follows:

$403,800 (Net Sales) - $170,300 (Gross Profit) = $233,500 (Cost of Goods Sold)

Therefore, the cost of goods sold for the company is $233,500.