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Calculate gross profit and describe how to calculate. On January 1,2024 , Cullumber Retailers had inventory of $49,500. On December 31,2024 , total inventory on

Calculate gross profit and describe how to calculate.

On January 1,2024 , Cullumber Retailers had inventory of $49,500. On December 31,2024 , total inventory on hand was $66,600. Cullumber reported the following account balances on December 31: Calculate Cullumber Retailers' 2024 gross profit

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