On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles’ net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles’s gross profit for the quarter?

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Answer continue to produce a quantity such that marginal revenue equals marginal cost;