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7 A company had the following information on December 31: Finished goods inventory, January 1 Finished goods Inventory, December 31 $25,000 $200,000 The cost
7 A company had the following information on December 31: Finished goods inventory, January 1 Finished goods Inventory, December 31 $25,000 $200,000 The cost of goods manufactured was $1,200,000, and annual sales were $1,500,000. How much is the company's gross profit this year? $1,025,000 $1,225,000 $325,000 $475,000 NEXT > BOOKMARK
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Accounting Information Systems
Authors: Ulric J. Gelinas, Richard B. Dull
10th edition
9781305176218, 113393594X, 1305176219, 978-1133935940
