(Answered) Problem -beginning finished goods

Accounting

Problem -

Beginning finished goods, 1/1/2015 $ 92,000

Ending finished goods, 12/31/2015 75,000

Cost of goods sold 300,000

Sales revenue 450,000

Operating expenses 95,000

What is the gross margin for 2015?

A) $163,000

B) $177,000

C) $170,000

D) $167,000

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