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What amount of gross margin appearing on income statement

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Sullivan Company uses the periodic inventory method.

The following balances were drawn from the accounts of Sullivan Company prior to the closing process:

Sales revenue                                    $ 20,000

Beginning inventory balance                      4,800

Purchases                                             9,600

transportation-in                                    1,200

Transportation-out                                 1,400

Purchase discounts                                 1,000

Ending inventory balance                         5,200

Question 1: What The amount of gross margin appearing on the income statement should be

Reference no: EM132464878

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