FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Warren Company sold 20,000 jars of its organic honey in the most current year for $14 per jar. The company had paid $8.50 per jar of honey. (Assume that sales returns
are nonexistent.) Calculate the following:
1. Sales revenue
2. Cost of goods sold
3. Gross profit
1. The sales revenue is
C
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