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The following information represents the account balances of the Carroway Company: Beginning inventory Purchases discounts Sales discounts Ending inventory Freight-in Gross purchases Gross sales Purchase
The following information represents the account balances of the Carroway Company: Beginning inventory Purchases discounts Sales discounts Ending inventory Freight-in Gross purchases Gross sales Purchase returns and allowances Sales returns and allowances $18,000 3,000 8,000 23,000 4,000 215,000 440,000 2,000 6,000 What is the gross profit? - Hoco + 4000 - 2000 - 2000 COGS: 18000 +24100 209000 a. b. $210,000 $212,000 $221,000 $217,000 $222,000 . e
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