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Zippy company manufactured 10,000 units in december with a total product cost of $22,900 they had zero finished goods inventory at the start of december. in december zippy sold 7,796 units at a unit price of $5.54. period expenses were $4,723. what is the amount of zippy's gross profit (otherwise know as gross margin).? round any intermediate calculations to four decimal places

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abiolataiwo2015

The amount of zippy's gross profit (otherwise know as gross margin) is: $25,337.

Gross profit

Sales revenue $43,189.84

(7,796 units × $5.54)

Less Cost of goods sold $17,852.84

[($22,900/10,000)×7,796]

Gross profit $25,337

( $43,189.84-$17,852.84)

Therefore the amount of zippy's gross profit (otherwise know as gross margin) is: $25,337.

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