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The following information was provided by craige company as of december 31 2020 : purchases 400,000 ending inventory counted 56000 goods out on consignment 45000

The following information was provided by craige company as of december 31 2020 : purchases 400,000 ending inventory counted 56000 goods out on consignment 45000 Goods in transit - FOB destination 61000 sales 540,000 What is the Cost of Good Sold and amount should be reported as gross profit?

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