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For the Current Month, Brixell Company Had Net Sales of $13,000

Question 59

Multiple Choice

For the current month, Brixell Company had net sales of $13,000. Brixell typically achieves a gross profit of 15%. Cost of goods sold under the gross profit method would be


A) $6,000
B) $7,000
C) $8,000
D) $11,050
E) $16,000

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