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Question the following information is available for sound of music company Operating expenses $ 60,000 Cost of goods sold 160,000 Sales revenue 380,000 sales returns

Question

the following information is available for sound of music company

Operating expenses $ 60,000
Cost of goods sold 160,000
Sales revenue 380,000
sales returns and allowances 30,000

Instruction

Compute each of the following:

A. net sales

b. gross profit

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