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Swifty Corporation had the following information at December 31: Finished goods inventory, January 1 $ 30000 Finished goods inventory, December 31 150000 If the cost

Swifty Corporation had the following information at December 31:

Finished goods inventory, January 1 $ 30000
Finished goods inventory, December 31 150000

If the cost of goods manufactured during the year amounted to $2200000 and annual sales were $2750000, the amount of gross profit for the year is

A. $670000.

B. $2080000.

C. $430000.

D. $550000.

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