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Marigold Corp. had the following information at December 31: Finished goods inventory, January 1 $ 40000 Finished goods inventory, December 31 90000 If the cost

Marigold Corp. had the following information at December 31: Finished goods inventory, January 1 $ 40000 Finished goods inventory, December 31 90000 If the cost of goods manufactured during the year amounted to $2200000 and annual sales were $2750000, the amount of gross profit for the year is

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