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Question 1 : Sales $2,850 Inventory-year-end $1,500 Purchases $1,950 Cost of goods sold $2,400 Calculate the gross profit : For each steps show calculations and

Question 1 :

Sales $2,850

Inventory-year-end $1,500

Purchases $1,950

Cost of goods sold $2,400

Calculate the gross profit :

For each steps show calculations and final answer

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