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jerico jerico
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10 years ago
The following information pertains to Max Corporation:

   Beginning work-in-process inventory   $ 20,000
   Ending work-in-process inventory   23,000
   Beginning finished goods inventory   36,000
   Ending finished goods inventory   34,000
   Cost of goods manufactured   246,000
   Sales   300,000

 What is the gross profit margin earned by the company?
A) $52,000
B) $50,000
C) $48,500
D) $53,500
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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10 years ago
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jerico Author
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#2
10 years ago
Very happy to know people like you still exist. Really, without your help, I wouldn't understand the content one bit.
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#3
10 years ago
Sweet, you're welcome.
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