question archive The following information appears on the income statement of the Richer Company at the end of the year

The following information appears on the income statement of the Richer Company at the end of the year

Subject:AccountingPrice: Bought3

The following information appears on the income statement of the Richer Company at the end of the year.Beginning finished goods inventory $200,000Ending finished goods inventory $180,000Sales $360,000Cost of Goods Manufactured $120,000What is the gross profit on sales?

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