Question: Beginning finished goods, 1/1/2015 $ 92,000 Ending finished goods, 12/31/2015 75,000 Cost of goods sold 300,000 Sales revenue 450,000 Operating expenses 95,000 What is the

Beginning finished goods, 1/1/2015       $ 92,000

Ending finished goods, 12/31/2015           75,000

Cost of goods sold                          300,000

Sales revenue                                     450,000

Operating expenses                               95,000

What is the gross margin for 2015? 

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