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Please explain why my answer is wrong? A company had the following balances: Sales $200,000 Cost of Goods Manufactured $175,000 Cost of Goods Sold $130,000
Please explain why my answer is wrong?
A company had the following balances:
Sales $200,000
Cost of Goods Manufactured $175,000
Cost of Goods Sold $130,000
Selling Expense $28,000
General and Admin Expenses $30,000
Direct Labor $60,000
Calculate the Net Income.
Someone explain why my answer of $100,000 is wrong
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