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16 June, 23:18

Thomas & Cooke Inc. had a gross margin for the month of February totaling $46,200. They sold 5,500 units during the month at a sales price of $22 per unit. What was the amount of cost of goods sold for the month? a.$42,000 b.$74,800 c.$100,000 d. None of these choices are correct.

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  1. 16 June, 23:44
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    What was the amount of cost of goods sold for the month?

    b.$74,800

    Explanation:

    Units Price

    Sold 5500 22

    revenue 121000

    Gross margin is a company's net sales revenue minus its cost of goods sold (COGS)

    Gross margin=Sales-Cost of goods

    46200=121000-cost Of goods

    Cost of goods=74800
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Home » Business » Thomas & Cooke Inc. had a gross margin for the month of February totaling $46,200. They sold 5,500 units during the month at a sales price of $22 per unit. What was the amount of cost of goods sold for the month? a.$42,000 b.$74,800 c.$100,000 d.
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