Cost of goods purchased during june amounted to 217500. the, Ask an Expert

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Georgia Peach Company reported net sales in June of the current year of $1,000,000. At the beginning of June, the company reported beginning inventory of $368,000. Cost of goods purchased during June amounted to $217,500. The company reported ending inventory at the end of June of $226,750.

The company's gross profit rate for June of the current year was:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M954905

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