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Jackson, Inc, a retail distributor of futons, provided the following information for 2015: Requirements 1. Calculate the cost of goods sold. What is the cost

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Jackson, Inc, a retail distributor of futons, provided the following information for 2015: Requirements 1. Calculate the cost of goods sold. What is the cost per futon sold? 2. Calculate the total period costs. 3. Prepare Jackson's income statement for the year ended December 31, 2015. Do not categorize operating expenses between selling and administrative. What is the gross profit percentage? What is the profit margin ratio

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