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ABC company has the following inventory information. The product sells $8 for each. How much is the gross profit? (Hint: Gros
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Answer #1

Answer: Option ( C ) 145

Explanation:

Sales Revenue = 25 units * $8 = $200

Cost of goods sold = (20 * 2) + (5 * 3) = $55

Profit = Sales revenue - Cost of goods sold

Profit = $200 - $55 = $145 (Answer)

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