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Ace Corporation had beginning inventory of $32,000 and ending inventory of $39,000. Its net sales were $160,000 and net purchases were $85,000 Ace's gross profit

Ace Corporation had beginning inventory of $32,000 and ending inventory of $39,000. Its net sales were $160,000 and net purchases were $85,000 Ace's gross profit for the period is O A. $82,000 OB. $68,000 OC. $75,000 OD. $160,000

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