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Cost of Goods Sold Contra Revenue Account Freight Out FOB Shipping Point FOB Destination Gross Profit Merchandise Inventory Non-operating Activities Perpetual Inventory System Profit Margin

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Cost of Goods Sold Contra Revenue Account Freight Out FOB Shipping Point FOB Destination Gross Profit Merchandise Inventory Non-operating Activities Perpetual Inventory System Profit Margin Purchase Returns Periodic Inventory System Purchase Discounts Subsidiary Ledger Sales Discounts Sales Allowance

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