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Hull Company reported the following income statement information for the current year $410,000 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 $410,000 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 $132,000 273,000 405,000 144,000 261.000 $149,000 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $20.000. Given this information, the correct gross profit would be Multiple Choice O $149.000 000zu 000 CH$ 0006915 SM9000 Maple Choice

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