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Use the following to answer questions 1821 LO Inc., begins the year with inventory of $17,500 and ends the year with inventory of $23,100. During
Use the following to answer questions 1821 LO Inc., begins the year with inventory of $17,500 and ends the year with inventory of $23,100. During the year, the following amounts are recorded: Chapter 6 Page 6-2 18. $ Net Sales 19. $ Calculate cost of goods sold 20. $ Gross profit 21. \% Gross profit ratio (rounded to once decimal place)
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