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The following amounts are provided: Beginning Inventory: $ 2 0 , 0 0 0 Purchases: 4 7 0 , 0 0 0 Ending Inventory: 6

The following amounts are provided:

Beginning Inventory: $

20, 000

Purchases:

470, 000

Ending Inventory:

60, 000

Sales Revenue:

790, 000

Sales Returns:

15, 000

Determine Gross Profit:

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