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The following information is available: Sales $ 2,900 Inventory-year-end $ 1,200 Purchases $ 1,800 Cost of Goods Sold $ 2,300 Gross profit is: A. $0

The following information is available: Sales $ 2,900 Inventory-year-end $ 1,200 Purchases $ 1,800 Cost of Goods Sold $ 2,300 Gross profit is: A. $0 B $1200 C. $600

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