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Sales (@ $64 per unit) Cost of goods sold (@ $34 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1
Sales (@ $64 per unit) Cost of goods sold (@ $34 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $ 1,280,000 680,000 600,000 315,000 $ 285,000 Year 2 $ 1,920,000 1,020,000 900,000 345,000 $ 555,000
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
