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What us the gross margin for 2015? a) $177,000 b) $167,000 c) $163,000 D) $170,000 Beginning finished goods 1/1/2015 $92,000 Ending finished goods 12/31/2015 75,000

What us the gross margin for 2015?

a) $177,000 b) $167,000 c) $163,000 D) $170,000

Beginning finished goods 1/1/2015 $92,000

Ending finished goods 12/31/2015 75,000

Cost of goods sold 300,000

Sales Revenue 450,000

Operating expenses 95,000

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