What f gross profit for year two is

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Problem 1: The following data pertain to the two-year operation of F Business: Year 1 - Sales, P200,000; Purchases, P250,000; Ending Inventory, P90,000. Year 2 - Sales, P250,000; Purchases, P150,000; Ending Inventory, P40,000. F's gross profit for year 2 is

Reference no: EM132728405

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