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Sales Cost Of goods sold Merchandise inventoy. beginning Total Cost of merchandise purchases Merchandise inventory. ending Cost Of goods sold Gr oss profit Expenses Not income (logs) 64,000 7.500 50.000! 33.290 20 .ooo 83.800 16.990 2.200 ld,oon 11.130 14,610 46,000 7.000 900 1.300 36.000 6,400 41.400 6,900 36,500 25.700 5.100 7.900 1.000