Barger Company had the following information at December 31: Finished goods inventory, January 1 $30,000 Finished goods

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Barger Company had the following information at December 31:

Finished goods inventory, January 1 $30,000

Finished goods inventory, December 31 42,000

If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?

Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: Sep 13, 2020 12:50 AM

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Barger Company had the following information at December 31: Finished goods inventory, January 1 $30,000 Finished goods

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Financial and Managerial Accounting the basis for business decisions

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