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Mathematics, 03.09.2021 02:20 DeonDub3106
A company had the following activity during a month: sales $ 250,000; cost of goods sold $ 150,000; selling expenses $ 45,000; general and administrative expenses $ 25,000; income tax expense $ 15,000. Ending inventory balances were: raw materials $ 65,000; work-in- process $ 18,000; finished goods $ 45,000. Calculate the gross profit and net income for the month.​
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A company had the following activity during a month: sales $ 250,000; cost of goods sold $ 150,000;...
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