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Sunland Company had the following information at December 31: Finished goods inventory, January 1 $58000 Finished goods inventory, December 31 140000 If the cost

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Sunland Company had the following information at December 31: Finished goods inventory, January 1 $58000 Finished goods inventory, December 31 140000 If the cost of goods manufactured during the year amounted to $2224000 and annual sales were $2752000, the amount of gross profit for the year is $2142000. $446000 $610000. $528000.

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