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What their cost of goods sold and gross profit rate

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Reference no: EM133031018

Question - At the beginning of the year, Bridgeport had an inventory of $740000. During the year, the company purchased goods costing $2220000. If Bridgeport reported ending inventory of $880000 and sales of 3760000, what their cost of goods sold and gross profit rate?

Reference no: EM133031018

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