CALCULATION OF GP AND NET PROFIT

Hello there, I would like to cross check my answer Use the relevant Information from the extracts to the trial balance

Extracts from the trial balance of Arthur a limited liablity company for the year ended 30 the June 2018 shown below
$’000 $’000
Revenue 13800

Cost of sales 10350

Carriage inwards 200

Carriage outwards 450

Rent and rates for office building 2555

Inventory as at 30 June

20X8 850

Tax-over provision in prior year
30

Use the relevant Information from the extracts to the trial balance

Arthur Co’s gross profit for the year ended 30 June 20X8 is $ 3250
( cos=10350+200)

Arthur Co’s profit before tax for the year ended 30 June 20X8 is calculated by taking the gross profit for the year and adjusting by $ gp – expenses ( 3250-2555)