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The following information was taken from a firm's accounting system: FIFO Beginning inventory $76,000 FIFO Ending Inventory $94,000 FIFO Cost of Goods Sold $334.000 Goods

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The following information was taken from a firm's accounting system: FIFO Beginning inventory $76,000 FIFO Ending Inventory $94,000 FIFO Cost of Goods Sold $334.000 Goods Available for Sale $428,000 Net Sales $580,000 What amount would appear on the income statement for Gross Profit? Numeric Response

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