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Inventory Valuation Homework Problem Company A sold 2,000 product units which resulted in gross sales and net sales of $83,650,000 and $76,490,000, respectively, for the
Inventory Valuation Homework Problem Company A sold 2,000 product units which resulted in gross sales and net sales of $83,650,000 and $76,490,000, respectively, for the year ended 20X8. Selling, general, and administrative (sg\&a) expenses incurred for the 20X8 were $15,400,000. During the year Company A had the following beginning inventory and purchases: What is the operating margin for 20X8 assuming Company A uses the weighted-average inventory cost method? (Show your work)
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