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Mom and Pop Shop provide the following information for the period: Purchases $205,000 Operating expenses 100,000 Beginning inventory 21,500 Ending inventory 18,000 Sales revenue 395,000

Mom and Pop Shop provide the following information for the period:

Purchases

$205,000

Operating expenses

100,000

Beginning inventory

21,500

Ending inventory

18,000

Sales revenue

395,000

What is the gross profit for the period?

Group of answer choices

$68,500

$168,500

$193,500

$186,500

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