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^ same question During the year, Cashier Corp had sales revenue of...

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Accounting

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During the year, Cashier Corp had sales revenue of $10,800, sales returns and allowance of $2,200, sales discounts of $200, and cost of goods sold of $5,500. What is Cashier's gross profit percentage (rounded to 1 decimal)? Multiple Choice 34.5% O 49.1% 41.7% 50.9% Appleton Appliances uses a periodic inventory system. On April 30, Appleton has two refrigerators on hand at a cost of $3,200 each (serial numbers 22034892 and 22034894). In May, the company purchases four refrigerators from GE for $2,300 each (serial numbers 22042631 through 22042634). In June, the company purchases five more refrigerators for $3,300 each (serial numbers 22050964 through 22050968) In July, Appleton sells two of these refrigerators (serial numbers 22034894 and 22042631). There were no additional purchases or sales during the remainder of the year. Appleton Appliances uses the specific identification method. What is its cost of goods sold? $6,500 $5,500 $5,867 $6,400

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