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How much is Newark cost of sales

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Reference no: EM133088489

Question - Newark Company has provided the following information:

Sales Revenue, $2,100,000

Selling and administrative expenses, $480,000

Sales returns and allowances, $105,000

Gross profit, $1,510,000

Increase in accounts receivable, $70,000

Bad debt expense, $48,000

Sales discounts, $58,000

Net income, $1,030,000

Required - How much is Newark's cost of sales?

Reference no: EM133088489

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