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If a company's per unit cost of inventory purchases increased during the year, yet the cost of goods sold as a% of sales revenues was
If a company's per unit cost of inventory purchases increased during the year, yet the cost of goods sold as a% of sales revenues was lower than the prior year, then for the current year A. gross margin as a% of sales revenues must have decreased. B. sales price per unit must have increased. C. sales volume must have increased. D. sales price per unit must have increased and sales volume must have increased
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