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You know these facts about a company's prior calendar year: . Beginning inventory: 100 units at $10 each . Ending inventory: 50 units at $9
You know these facts about a company's prior calendar year: . Beginning inventory: 100 units at $10 each . Ending inventory: 50 units at $9 each . Inventory purchased for resale during the year: $2,000 What can you calculate using this information? Select all that apply. Gross sales Net profit Contribution margin Cost of goods sold None of the above
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