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  3. company s sells magnets for $8 each. with the foll

Company S sells magnets for $8 each. With the following data regarding sales, how many...

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Accounting

Company S sells magnets for $8 each. With the following data regarding sales, how many magnets did Company S sell during the year before returns and allowances? Cost of Goods Sold | $600,000 Sales Discounts | $40,000 Sales Returns and Allowances | $18,000 Operating Expenses | $97,000 Net Income | $320,000

Select one:

a. 127,125

b. 119,875

c. 134,375

d. 94,375

Answer & Explanation Solved by verified expert
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