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How much was the COGS for VCJ Thunder

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Question - Vee Cee Jay Thunder provided the ff. details: Sales of 350,000 for the year was recorded. Not recorded in Sales was Sales Return and Allowances for 50,000. Gross Profit is 1/5 of Net Sales. How much was the COGS for VCJ Thunder? Kindly present full solution in a clear format.

Reference no: EM133080313

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