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The following information pertains to Payton's Shoe Manufacturing: Manufacturing costs $1,000,000 Shoes manufactured 100,000 Beginning...

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Accounting

The following information pertains to Payton's Shoe Manufacturing: Manufacturing costs $1,000,000 Shoes manufactured 100,000 Beginning inventory 0 pairs 99,500 pairs of shoes are sold during the year for $18. What is the amount of Payton's gross profit? Question 19 options: A) $995,000 B) $1,000,000 C) $1,791,000 D) $796,000

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