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Sales Revenue $1000 Beginning Inventory $400 Purchases $500 Available for Sale ? Ending Inventory $300 Cost of Goods Sold ? Gross Profit ? Operating Expenses

Sales Revenue

$1000

Beginning Inventory

$400

Purchases

$500

Available for Sale

?

Ending Inventory

$300

Cost of Goods Sold

?

Gross Profit

?

Operating Expenses

$100

Net Income

?

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