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What is gross margin for 2020? Beginning finished goods, 1/1/2020 $53,000 Ending finished goods, 12/31/2020 37,000 Cost of goods sold 256,000 Sales revenue 484,000 Operating

What is gross margin for 2020?

Beginning finished goods, 1/1/2020 $53,000

Ending finished goods, 12/31/2020 37,000

Cost of goods sold 256,000

Sales revenue 484,000

Operating expenses 106,000

Select one:

a. $122,000

b. $228,000

c. $244,000

d. $212,000

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