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Calculate the cost of goods sold and gross profit

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Reference no: EM132593390

Question 1: Beavercreek Company sold 14,000 jars of its organic honey in the most current year for $15 per jar. The company had paid $10.50 per jar of honey. (Assume that sales returns are nonexistent.) Calculate the:

a. Sales revenue

b. Cost of goods sold and

c. Gross profit

Reference no: EM132593390

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