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q9 A company reported a gross profit margin of 30% and net sales of $356,500 for the current year. Calculate the cost of goods sold

A company reported a gross profit margin of 30% and net sales of $356,500 for the current year. Calculate the cost of goods sold using the gross profit method. Select one: a. $250,040 b. $249,375 c. $249,865 d. $250,537 e. $249,550

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