Your beginning food inventory was 26000. you have purchased, Ask an Expert

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Your beginning food inventory was $26,000. You have purchased an additional $24,000 and have accepted $12,000 in transfers from other locations. In total, you sold $39,000 worth of food for the same time period. Your ending inventory is $29,000. What is your gross profit margin percentage?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411987

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