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Michael uses its periodic inventory system and the following information is available: Sales $ 44,000 Beginning Inventory 11,100 Ending Inventory 10,200 Purchases 35,200 What is

Michael uses its periodic inventory system and the following information is available:

Sales $ 44,000
Beginning Inventory 11,100
Ending Inventory 10,200
Purchases 35,200

What is the gross profit?

Multiple Choice

$46,300

$35,200

$7,900

$36,100

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