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Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Month 1 $636,000 $150,000 $130,000 $900,000 Sales...

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Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Month 1 $636,000 $150,000 $130,000 $900,000 Sales revenue Use the data above to estimate the Gross profit rate 73% 102% 27% 68%

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