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    Financial Accounting Study Set 4
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    Exam 5: Inventory
  5. Question
    A Company Has $8,200 in Net Sales,$1,100 in Gross Profit,$2,500
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A Company Has $8,200 in Net Sales,$1,100 in Gross Profit,$2,500

Question 17

Question 17

Multiple Choice

A company has $8,200 in net sales,$1,100 in gross profit,$2,500 in ending inventory and $2,000 in beginning inventory.The company's cost of goods sold is:


A) $7,100.
B) $6,200.
C) $5,700.
D) $5,600.

Correct Answer:

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