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Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 trend percents for cost of goods sold using Year
Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 trend percents for cost of goods sold using Year 1 as the base. Year 2 Net sales $276,200 Year 1 $231,400 Cost of goods sold 151,900 129,590 Operating expenses 55,240 53,240 Net profit 27,820 19,820
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