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What is gross profit

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Reference no: EM133088022

Question - The following information pertains to questions regarding Scott's Production Company:

Beginning finished goods, 1/1/2018 $40,000

Ending finished goods, 12/31/2018 33,000

Cost of goods Sold 250,000

Sales revenue 600,000

Operating expenses 120,000

Required - What is gross profit for 2018?

Reference no: EM133088022

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