2 70) Given the information in the table below, what is the company's gross profit?...
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2 70) Given the information in the table below, what is the company's gross profit? Sales revenue Accounts receivable Ending inventory Cost of goods sold Sales returns Sales discounts $350,000 $280,000 $230,000 $180,000 $50,000 $20,000 Question 3 4 pts 132) On May 1 , a company purchased inventory costing $2,000 on account with terms 2//10,n//30. On May 8 , the company pays for this inventory and records which of the following using a perpetual inventory system
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