Entity A has a beginning inventory of P340,000. During the period Entity A purchased inventories costing P990,000. Freight paid on the purchase totaled P40,000. The ending inventory was P360,000. If...

Entity A has a beginning inventory of P340,000. During the period Entity A purchased inventories costing P990,000. Freight<br>paid on the purchase totaled P40,000. The ending inventory was P360,000. If the net sales were P1,200,000, how much is the<br>gross profit?<br>260,000<br>1,200,000<br>190,000<br>1,010,000<br>

Extracted text: Entity A has a beginning inventory of P340,000. During the period Entity A purchased inventories costing P990,000. Freight paid on the purchase totaled P40,000. The ending inventory was P360,000. If the net sales were P1,200,000, how much is the gross profit? 260,000 1,200,000 190,000 1,010,000

Jun 02, 2022

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Entity A has a beginning inventory of P340,000. During the period Entity A purchased inventories costing P990,000. Freight paid on the purchase totaled P40,000. The ending inventory was P360,000. If...

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