Business, 12.12.2019 05:31, amcdonald009

Computing gross profit the following data were taken from the accounts of fluter hardware, a small retail business. sales $121,800 sales returns and allowances 970 sales discounts 560 merchandise inventory, january 1 34,300 purchases during the period 76,700 purchases returns and allowances during the period 3,820 purchases discounts taken during the period 2,460 freight-in on merchandise purchased during the period 1,120 merchandise inventory, december 31 32,000 determine the gross profit.

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Computing gross profit the following data were taken from the accounts of fluter hardware, a small r...