Your Company reported net sales in June of $1,000,000. At the beginning of June, the...
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Accounting
Your Company reported net sales in June of $1,000,000. At the beginning of June, the company reported beginning inventory of $568,000. Cost of goods purchased during June amounted to $426,750. The company reported ending inventory at the end of June of $417,500. What was the company's gross profit margin for June? $582,500 $422,750 O $573,750 $577.250 $593,250
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