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Barger Company Had the Following Information at December 31: Finished 1$90,000 1 \quad \$ 90,000

question 44

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Barger Company had the following information at December 31: Finished goods inventory, January 1$90,000 1 \quad \$ 90,000
Finished goods inventory, December 31126,000 31 \quad 126,000 If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000 how much is the amount of gross profit for the year?


Definitions:

Normal Wage

The standard or average amount of pay that workers receive for their labor in a specific job or industry.

Petty Cash Fund

Cash kept on hand in the office for small purchases.

Office Furniture

Items of furniture designed for use in a workplace environment, including desks, chairs, and file cabinets.

Medications

Substances used to treat or prevent diseases and conditions.

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