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3 . 4 6 Merchandising cost flows, two product lines ( LO 3 ) . The Great Plains Cooperative Society ( GPC ) offers a
Merchandising cost flows, two product lines LO The Great Plains Cooperative Society GPC offers a wide range of gourmet foods including organic foods as well as an extensive selection of wine at its only store. To deal with rising costs and recent losses, as well as a major cash shortage, the cooperative store is planning to raise prices.
The board has assembled the following data:
Gross sales
$
Cost of goods sold
Store staff salaries
Store rental & utilities
Other miscellaneous expenses
Digging deeper, you find the following additional data:
tableWine,GroceriesBeginning inventory,$$
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