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Helix Company had the following information at December 31: Finished goods inventory, January 1 $ 80,000 Finished goods inventory, December 31 115,000 If the cost
Helix Company had the following information at December 31: Finished goods inventory, January 1 $ 80,000 Finished goods inventory, December 31 115,000 If the cost of goods manufactured during the year amounted to $1,895,000, and annual sales were $2,884,000, how much is gross profit for the year? Select one: a. $ 989,000 b. $ 909,000 c. $1,860,000 d. $ 954,000 e. $1,024,000
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