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Pharoah Company's financial information is presented below. Purchase returns and allowances $17920 Purchases $308000 Sales returns and allowances 12320 Ending inventory 35840 Net sales 537600

Pharoah Company's financial information is presented below.

Purchase returns and allowances

$17920

Purchases

$308000

Sales returns and allowances

12320

Ending inventory

35840

Net sales

537600

Cost of goods sold

324800

How much is gross profit?

$200480

$212800

$164640

$218400

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