Use the information below to answer this question: Dept ADept BSales180,000150,000Cost of sales79,00085,000Expense28,00040,000 Dept A Dept B Sales 180 , 000...

Use the information below to answer this question:

$\begin{array}{ccc}& \text{Dept A}& \text{Dept B}\\ \text{Sales}& 180,000& 150,000\\ \text{Cost of sales}& 79,000& 85,000\\ \text{Expense}& 28,000& 40,000\end{array}$

How much is the gross profit for department A?

Answer Details

To calculate the gross profit for department A, you need to subtract the cost of sales from the sales revenue. Sales revenue for department A = ₦180,000 Cost of sales for department A = ₦79,000 Therefore, the gross profit for department A is: Gross profit = Sales revenue - Cost of sales Gross profit = ₦180,000 - ₦79,000 Gross profit = ₦101,000 So, the correct answer is ₦101,000.