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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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