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S21-5 (similar to) Question ep following information for Geargetown Company reports the f EEB (Click Ihe icon to view re mou)

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Answer #1
Absorbtion costing
Net Sales revenue $ 7,70,000.00
Cost of goods sold
Variable cost of goods sold $ 2,50,000.00
Fixed cost $ 1,82,000.00 $ 4,32,000.00
Gross Profit $ 3,38,000.00
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