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ABC company has a product costing $100/unit to manufacture, with gross margin of 60% for each unit, and the product had the following information for
ABC company has a product costing $100/unit to manufacture, with gross margin of 60% for each unit, and the product had the following information for the period number of sold units 4,000 units Beginning inventory $50,000 New Purchases $450,000 Required: Compute the cost of goods *.sold using retail method (2) (2 )
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