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  3. the following data have been taken from the accoun

The following data have been taken from the accounting records of Corporation for the year...

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Accounting

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The following data have been taken from the accounting records of Corporation for the year Sales Direct materials used Direct labor Manufacturing overhead Cost of Goods Manufactured Administrative expenses Selling expenses Cost of Goods Sold $950 300 200 220 650 110 130 610 What is gross margin (gross profit) for the year? O 1) $300o O 2) $340 3) $230 4) $60

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