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Gross billings for merchandise sold by Otto Company to its customers during 2013 amounted to $10,720,000; sales returns and allowances were $270,000; sales discounts were
Gross billings for merchandise sold by Otto Company to its customers during 2013 amounted to $10,720,000; sales returns and allowances were $270,000; sales discounts were $175,000; cost of goods sold was $6,800,000 and freight-out was $140,000. Net sales during 2013 for Otto Company was
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