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Beginning Inventory $8,000 Purchases during the period $5,000 Cost of Goods Sold $6,000 Purchase Returns $1,000 Purchase Discounts $500 Sales $10,000 What is the Gross

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Beginning Inventory $8,000 Purchases during the period $5,000 Cost of Goods Sold $6,000 Purchase Returns $1,000 Purchase Discounts $500 Sales $10,000 What is the Gross Profit

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