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Which one of the following is incorrect? a. Goods Available for Sale = Opening Inventory + Net Purchase b. Cost of Goods Sold = Goods

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Which one of the following is incorrect? a. Goods Available for Sale = Opening Inventory + Net Purchase b. Cost of Goods Sold = Goods Available for Sale + Ending Inventory c. Cost of Goods Sold = Goods Available for Sale - Ending Inventory d. Gross Margin = Sales Net Purchase

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