Presented below are excerpts from the income statements of Ralos Company for the years ended December 31, 2021 and 2020.
2021
2020
Inc (Dec)
Net sales
P2,750,000
P2,500,000
P250,000
Cost of goods sold
1,584,000
1,600,000
( 16,000)
Gross margin
P1,166,000
P 900,000
P234,000
The unit cost decreased by 10% on January 1, 2021.
What is the effect on sales due to change in selling price?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here