How much is net income and gross profit

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Reference no: EM133348332

Question: Job Order Costing Problem:

Finished Goods amounting to 220,000 are transferred to Cost of Goods Sold and Gross Sales are 745,000. Operating Expenses are 1/8th of Gross Profit and the corporate tax is 21%. How much is net income?

Reference no: EM133348332

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