Question: Soundview Centre uses a periodic inventory system. At the end of 2015, the accounting records include the following information: Inventory dec 31 2014 = 23100

Soundview Centre uses a periodic inventory system. At the end of 2015, the accounting records include the following information:
Inventory dec 31 2014 = 23100

inventory dec 31 2015 = 15900

net sales= 318000

purchases= 183000
Compute the following for 2015:
Cost of goods sold=

Gross profit=

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