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Determine the amount of Gross Profit

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Question - Selected Account Balances from the Adjusted Trial Balance of True Greens Company as of December 31, 2019 follows: cost of goods sold 150,000, Net Sales 225,000, Advertising Expense 3,000, Freight Out 4,300, Net Purchases 35,000. The Periodic Inventory Method is used. Determine the amount of Gross Profit?

Reference no: EM132975295

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