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Refer to the following table: What is the gross profit of the Trail Runner Corporation? The following data are for the Trail Runner Corportion,which uses
Refer to the following table:
What is the gross profit of the Trail Runner Corporation?
The following data are for the Trail Runner Corportion,which uses a perpetual inventory system:Sales revenue$600,000Freight-in42,000Beginning inventory77,000Purchase discounts19,000Sales returns and allowances33,000Operating expenses77,000Ending inventory81,000Purchases of inventory415,000Sales discounts35,000Joseph RoadRunner, withdrawals71,000Purchase returns and allowances39,000
$172,000
$60,000
$205,000
$137,000
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