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What is the gross margin

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Reference no: EM131749285

Problem -

Beginning finished goods, 1/1/2015         $ 92,000

Ending finished goods, 12/31/2015          75,000

Cost of goods sold                                 300,000

Sales revenue                                       450,000

Operating expenses                               95,000

What is the gross margin for 2015?

A) $163,000

B) $177,000

C) $170,000

D) $167,000

Reference no: EM131749285

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