Suppose Old Oak Winery had sales of ($270,000) and sales returns of ($41,000). Cost of goods sold
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Suppose Old Oak Winery had sales of \($270,000\) and sales returns of \($41,000\). Cost of goods sold was \($169,000\). How much gross profit did Old Oak Winery report?
a. $101,000
b. $60,000
c. $229,000
d. $45,000
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Related Book For 
Financial And Managerial Accounting
ISBN: 9780135080191
2nd Edition
Authors: Charles T Horngren, Jr Walter T Harrison
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