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15. Hamza Co. sells electronic products with same gross profit. If you know that the cost of goods sold for a unit is $600
15. Hamza Co. sells electronic products with same gross profit. If you know that the cost of goods sold for a unit is $600 and the gross profit margin is $900 for a unit. Hamza Co. had the following information for the period: Total sales of $2,100,000 Beginning inventory $480,000 New Purchases $600,000 Required: Compute the ending inventory cost.
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