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yulyashka [42]
3 years ago
12

the company's gross profit on the following sales $48,000 sales returns and allowances $6000 operating expenses $6,200 beginning

inventory of $900 net purchases $9100 ending inventory $2,300
Business
1 answer:
GaryK [48]3 years ago
6 0
Sales:                                              48,000
Sales returns and allowances: <u>( 6,000)</u>
Net Sales                                        42,000

Cost of Sales:
Beginning Inventory:  900
net purchases             9100
ending inventory    <u>   (2,300)        (7,700)</u>
Gross Margin                                  35,000
Operating Expenses                  <u>     (6,200)</u>
Gross profit                                       28,800


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