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46.) Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,720,000: sales returns and allowances were $370,000, sales discounts

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Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,720,000: sales returns and allowances were $370,000, sales discounts were $175,000, and freight-ous was 140,000 Net sales last year for Lang Company were 12,720,000 12,350,000. 12,175,000 $12,035,000

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