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4. A company had a gross profit of $4,500. If the cost of the merchandise was $2,150, what were the company's total sales? 5.
4. A company had a gross profit of $4,500. If the cost of the merchandise was $2,150, what were the company's total sales? 5. Torti Co. had cash sales of S$2,760 and sales on account of $8,200. The company's gross profit at the end of the year totaled $5,590. What was the cost of the merchandise for Torti Co.?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
