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Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250. Beginning inventory for the

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Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250. Beginning inventory for the month was $60,000, purchases for the month were $175,000, and gross profit was 43% What was the gross profit for the month? Select one O a $171,000 b $304,750 c$235,000 d $129,000

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