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27 April, 00:23

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

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  1. 27 April, 00:33
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    Sales: 48,000

    Sales returns and allowances: (6,000)

    Net Sales 42,000

    Cost of Sales:

    Beginning Inventory: 900

    net purchases 9100

    ending inventory (2,300) (7,700)

    Gross Margin 35,000

    Operating Expenses (6,200)

    Gross profit 28,800
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