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Golden Oak Antique Shop Has the Following Account Balances at the End

Question 103

Multiple Choice

Golden Oak Antique Shop has the following account balances at the end of the current accounting period. Golden Oak Antique Shop has the following account balances at the end of the current accounting period. A normal Gross profit for the company is 45%. What is the company's Estimated cost of sales for the accounting period? A) $47 025 B) $92 425 C) $83 875 D) $38 475 A normal Gross profit for the company is 45%. What is the company's Estimated cost of sales for the accounting period?


A) $47 025
B) $92 425
C) $83 875
D) $38 475

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