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Question - Martin Corp. began the year with 2,000 units of inventory that had been purchased for $6 per unit. During the year, 5,000 units were purchased for $8 each and 8000 units for $10 each. Martin sold 9000 units during the year for $15 each. The company uses the weighted average cost method.
Compute cost of goods sold expense.
Compute the gross profit ratio.
There were no changes in the amount of inventory from beginning to end of year. What is the amount of business expense that Alice's Restaurant can deduct
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What amount may be deducted as organizational expenditures in 2016
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