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What is the calculate jena retailers gross profit

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Question - On January 1, 2021, jena Retailers had inventory of $48,700. On December 31, 2021, total inventory on hand was $65,200. jena reported the following account balances on December 31:

Freight in $3,100

Purchases 508,000

Purchase returns and allowances 1,600

Purchase discounts 7,000

Sales 840,200

Sales discounts 5,100

Sales returns and allowances 10,400

What is the Calculate Jena Retailers' 2021 gross profit.

What is Jena Retailers' 2021 operating expenses if profit is $129,500 and there are no non-operating activities.

Reference no: EM133037206

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