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Business, 21.03.2020 05:26 laerica

Gannon Company had the following information at December 31:

Finished goods inventory, January 1 $50,000
Finished goods inventory, December 31 $150,000

If the cost of goods manufactured during the year amounted to $2,100,000 and annual sales were $2,750,000, the amount of gross profit for the year is ___.

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Gannon Company had the following information at December 31:

Finished goods inventory,...
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