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Hull Company reported the following income statement information for the current year. $420,000 Sales Cost of goods sold: Beginning inventory Cost of goods purchased Cost

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Hull Company reported the following income statement information for the current year. $420,000 Sales Cost of goods sold: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit $147,000 283,000 430,000 154,000 276,000 $144,000 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $30,000. Given this in correct gross profit would be: Multiple Choice $114,000 b and Windows $144,000. $174,000. $127.000. $17.000. and Windows

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