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The following data was given for Kathy's cakes Sales 4,000. Beginning inventory 1,500 Operating expenses 600. Purchase 1000 Sales return and allowances 200 ending inventory

The following data was given for Kathy's cakes Sales 4,000. Beginning inventory 1,500 Operating expenses 600. Purchase 1000 Sales return and allowances 200 ending inventory 500 Sales discounts 400

Net income = Net sales= COGS= Gross profit= Cost of goods available for sale=

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