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Business, 30.10.2019 00:31 tylervreeland022202

At the beginning of the year, uptown athletic had an inventory of $400,000. during the year, the company purchased goods costing $1,500,000. if uptown athletic reported ending inventory of $500,000 and sales of $2,000,000, their cost of goods sold and gross profit rate would be a. $1,000,000 and 70%. b. $1,400,000 and 30%. c. $1,000,000 and 30%. d. $1,400,000 and 70%.

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At the beginning of the year, uptown athletic had an inventory of $400,000. during the year, the com...
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