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Can someone help me Exercise 6 (LO 2) GROSS PROFIT The following information was taken from the records of Hi-Fi Specialists for the month of
Can someone help me
Exercise 6 (LO 2) GROSS PROFIT The following information was taken from the records of Hi-Fi Specialists for the month of August 20--- Sales Sales returns and allowances $257,800 Sales discounts 1,900 Merchandise inventory, August 1 400 Merchandise inventory, August 31 38,000 32.000 Purchases 200,000 Purchases returns and allowances 10,200 Purchases discounts 4,000 2,000 Freight-In Required: Using the form on page 170, show the computation of gross profit on the income statement for the month of August Step by Step Solution
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