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How much is the company gross profit

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Reference no: EM132560816

Question - Chicago Steel's operating activities for the year are listed below:

Beginning inventory $1,000,000

Ending inventory $350,000

Purchase of products $700,000

Freight in $50,000

Sales revenue $1,500,000

Operating expenses $50,000

Require - How much is the company's gross profit?

A. $150,000

B. $50,000

C. $750,000

D. $100,000

Reference no: EM132560816

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