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operating activities for the year are listed below. Purchases $100,000 Operating expenses $80,000 Beginning inventory $50,000 Ending inventory $60,000 Sales revenue $500,000 What is the
operating activities for the year are listed below.
Purchases | $100,000 |
Operating expenses | $80,000 |
Beginning inventory | $50,000 |
Ending inventory | $60,000 |
Sales revenue | $500,000 |
What is the cost of goods sold for the year?
What is the gross profit for the year?
None of the above |
$90,000 |
$330,000 |
$150,000 |
$410,000 |
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