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At month-end, the cost of merchandise sold is $192,150 and gross profit is $168,190. the sales for the month are option (d), none of these choices are correct.
All direct costs and expenses incurred in manufacturing or delivering your goods and services are referred to as the cost of goods sold. It excludes indirect expenses like staff pay, advertising, and marketing.
The total amount of money your business makes from the selling of its goods or services is known as revenue. It makes it evident how much revenue you're generating from all of your sales. It excludes operating expenses for your company, such as taxes, interest, and depreciation.
The money remaining from the sale of your goods or services after operating costs incurred to produce them are subtracted is measured by the gross profit margin calculation. The cost of goods sold is subtracted from total revenues to determine gross profit.
To know more about gross profit refer to: https://brainly.com/question/16999019
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