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For the current month, Brixell Company had net sales of $13,000. Brixell typically achieves a gross profit of 15%. Cost of goods sold under the
For the current month, Brixell Company had net sales of $13,000. Brixell typically achieves a gross profit of 15%. Cost of goods sold under the gross profit method would be
a) $6,000
b) $7,000
c) $8,000
d) $11,050
e) $16,000
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