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Your Company reported net sales in June of $850,000. At the beginning of June, the company reported beginning inventory of $485,750. Cost of goods purchased

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Your Company reported net sales in June of $850,000. At the beginning of June, the company reported beginning inventory of $485,750. Cost of goods purchased during June amounted to $259,500. The company reported ending inventory at the end of June of $150,750. margin What was the company's gross profit margin for June? $590,500 $473,000 $364,250 $225,500 $594,500

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