How much is the amount of gross profit for year

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Reference no: EM13140353

Barger Company had the following information at December 31:

Finished goods inventory, January 1

$30,000

Finished goods inventory, December 31

42,000

If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?

Reference no: EM13140353

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