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What was the company estimated cost of goods sold

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Reference no: EM131961836

Question - Company had the following account balances at the end of the current accounting period: (10 pts)

Beginning inventory $73,000

Net purchases 58,250

Net sales revenue 87,500

The normal gross profit for the company is $45%. What was the company's estimated cost of goods sold for the accounting period?

Reference no: EM131961836

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