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The following information applies to the income statement of Addison Company:Gross sales$1,000,000Net sales900,000Freight-in10,000Ending inventory200,000Gross profit...

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Accounting

The following information applies to the income statement of Addison Company:

Gross sales$1,000,000Net sales900,000Freight-in10,000Ending inventory200,000Gross profit margin40%

Addisons cost of goods available for sale is

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