Business, 26.03.2020 20:58 kelechikamalu1
Net sales for the year were $325,000 and cost of goods sold was $240,500 for the company’s existing products. A new product is presently under development and has an expected selling price of $40 per unit in order to remain competitive with similar products in the marketplace. The dollar amount of gross profit and the gross profit ratio for the year were:
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Net sales for the year were $325,000 and cost of goods sold was $240,500 for the company’s existing...
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