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What is the cost of goods available for sale

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Reference no: EM132880293

Problem - Select the best answer for each of the following.

The following information is available for Cooke

Company for the current year:

Net sales $1,800,000

Freight-in 45,000

Purchase discounts 25,000

Ending inventory 120,000

The gross margin is 40% of net sales. What is the cost of goods available for sale?

Reference no: EM132880293

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