Company S sells magnets for $8 each. With the following data regarding sales, how many...
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Accounting
Company S sells magnets for $8 each. With the following data regarding sales, how many magnets did Company S sell during the year before returns and allowances? Cost of Goods Sold | $600,000 Sales Discounts | $40,000 Sales Returns and Allowances | $18,000 Operating Expenses | $97,000 Net Income | $320,000
Select one:
a. 127,125
b. 119,875
c. 134,375
d. 94,375
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