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1 point Sales - Cost of Goods Sold = Gross Profit Chemical Inc. earns 20% Gross Profit on Sales. The company had beginning inventory of
1 point Sales - Cost of Goods Sold = Gross Profit Chemical Inc. earns 20% Gross Profit on Sales. The company had beginning inventory of $ 50,000, Purchases $ 300,000 and ending inventory of $ 30000. So what was its sales during the year? O $380,000 $ 405,000 $400.000 O $410.000 . O
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