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What is the company cost of goods sold for the month

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Reference no: EM133062115

Question - The following data are for Jessee's Candy Store for January:

Beginning inventory $245,000

Net Purchases $585,000

Net Sales Revenue $410,000

Normal Gross profit rate 40%

Required - What is the company's cost of goods sold for the month?

Reference no: EM133062115

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