Next - Net Sales $ 500,000 Gross Profit (175,000) Cost of...

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Next, estimated gross profit is subtracted from net sales to estimate the cost of goods sold.
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Unformatted text preview: Net Sales $ 500,000 Gross Profit (175,000) Cost of Goods Sold $ 325,000...
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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