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Your Company reported net sales in June of $1,000,000. At the beginning of June, the company reported beginning inventory of $368,000. Cost of goods purchased
Your Company reported net sales in June of $1,000,000. At the beginning of June, the company reported beginning inventory of $368,000. Cost of goods purchased during June amounted to $450,000. The company reported ending inventory at the end of June of $520,625. The company's gross profit margin for June was:
can you provide explanation how should i do the math ?
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