Question: Data Gross margin 2 0 % Sales $ 9 0 0 , 0 0 0 Operating income $ 5 5 , 0 0 0 Finished

Data
Gross margin
20%
Sales
$900,000
Operating income
$55,000
Finished goods inventory, beginning balance
$18,000
Finished goods inventory, ending balance
$14,000 : SO WHAT IS THE COST OF GOODS SOLD?

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