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View previous attempt Nu Company reported the following pretax data for its first year of operations. 2,930 2, 490 820 Net sa

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Answer: $385

IF FIFO deleted

Sales 2930
Less: Cost of Good Sold (2490-930) 1560
Gross Profit 1,370
Less : Operating Expenses 820
Income Before tax 550
Less: Income tax 165
Net income 385
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