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Calculate Gross Profit If Sales Are $90,000, Inventory at Beginning

Question 34

Multiple Choice

Calculate gross profit if sales are $90,000, inventory at beginning is $5,600, purchases of inventory are $30,500 and inventory at end is $4,900.

A) $41,000.
B) $31,200.
C) $58,800.
D) $59,500.

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