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Required Compute the missing amounts. Input your answers as positive numbers. 2016 2017 Net sales $388,600 $427,460 Cost of goods sold: Beginning inventory Purchases Goods

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Required Compute the missing amounts. Input your answers as positive numbers. 2016 2017 Net sales $388,600 $427,460 Cost of goods sold: Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold $36,800 296,700 42,740 296,070 Gross margin $118,640

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