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Company H offers an unconditional return policy to its customers. During the current period, the company records total sales of $674,000, with a cost of

Company H offers an unconditional return policy to its customers. During the current period, the company records total sales of $674,000, with a cost of merchandise to Heller of $329,000. Based on past experience, the company expects 4% of sales to be returned. How much gross profit will the company recognize for the current period?

$345,000

$331,200

$315,840

$647,040

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