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M6-18 Understanding Relationships among Gross Profit and Inventory [LO 6-2, 6 If net sales are $300,000, cost of goods available for sale is $280,000, and
M6-18 Understanding Relationships among Gross Profit and Inventory [LO 6-2, 6 If net sales are $300,000, cost of goods available for sale is $280,000, and gross profit percentage is 35%. What is the amount of ending inventory? Gross Profit Cost of Goods Sold Ending Inventory
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