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The following information is from the 2016 accounting records of Oregon Company: Sales revenue $625,000 Beginning inventory (1/1/2016) $254,000 Purchases $366,000 Historical gross margin
The following information is from the 2016 accounting records of Oregon Company: Sales revenue $625,000 Beginning inventory (1/1/2016) $254,000 Purchases $366,000 Historical gross margin ratio 45% What is Oregon Company's estimated gross margin in dollars?
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
