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Toolings reports net sales of $325,000, gross profit of $175,000 and net income of $15,000. The company has a cost of goods sold of: $135,000

Toolings reports net sales of $325,000, gross profit of $175,000 and net income of $15,000. The company has a cost of goods sold of:

$135,000

$140,000

$150,000 or

$125,000

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