Soft light company produces speciality lamps and sell them, Ask an Expert

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Soft Light Company produces speciality lamps and sell them to retail stores. During the lastest year, the company sold 40,000 lamps at an average of $70 per lamp. The production and distribution costs per lamp were $25,on average. Other costs for the yeat were $1,200,000 for management salaries and facilities. Total investment in the company in $3,000,000. How much profit did Soft Light earn for the year? Descrie the steps you went through to get your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9991558

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