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Gate Grocery's Most Popular Candy Bars Cost $0

Question 2

Short Answer

Gate Grocery's most popular candy bars cost $0.50 each and sells for $0.75. Management determined that it had purchased 3,000 candy bars in February. It began February with 200 bars and had 150 remaining at the end of February. How much is cost of goods sold for February? a. $1,475
B) $2,287.50
C) $3,050
D) $1,525

Correct Answer:

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