Suppose Old Oak Winery had sales of ($270,000) and sales returns of ($41,000). Cost of goods sold

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Suppose Old Oak Winery had sales of $$270,000$ and sales returns of $$41,000$. Cost of goods sold was $$169,000$. How much gross profit did Old Oak Winery report?

a. $101,000

b. $60,000

c. $229,000

d. $45,000

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Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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Question Posted: May 13, 2024 06:03 AM

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Suppose Old Oak Winery had sales of ($270,000) and sales returns of ($41,000). Cost of goods sold

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Financial And Managerial Accounting

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