One company reported revenue of $377,000, cost of goods sold of $122,000, sales expenses of $12,000, and

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One company reported revenue of $377,000, cost of goods sold of $122,000, sales expenses of $12,000, and total operating costs of $72,000.

Calculate Gross margin for the year.

Related Book For answer-question

Horngrens Accounting

ISBN: 978-0134674681

12th edition

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Apr 05, 2023 01:58 AM

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One company reported revenue of $377,000, cost of goods sold of $122,000, sales expenses of $12,000, and

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The detailed answer for the above question is provided below AnswerGross margin 255000 Expl... View the full answer

Horngrens Accounting

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