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Determine the gross profit

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Question - Assume that Swann Company uses a periodic inventory system and has these account balances: Purchases P630,000; Purchase Returns and Allowances P25,000; Purchase Discounts P11,000; and Freight-In P19,000; beginning inventory of P45,000; ending inventory of P55,000; and net sales of P750,000. Determine the Gross Profit.

Reference no: EM133106373

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