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Lori s Gifts, Incorporated, reports net sales of $ 6 2 5 , 0 0 0 , gross profit of $ 2 7 5 ,

Loris Gifts, Incorporated, reports net sales of $625,000, gross profit of $275,000, and net income of $15,000. The company's cost of goods sold is:
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$335,000.
$350,000.
$340,000.
$325,000.

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