What is easts cost of merchandise sold
East, Inc. had beginning inventory of $10,000, purchases of $25,000, and ending inventory of $5,000. What is East's cost of merchandise sold?
a. $10,000
b. $25,000
c. $5,000
d. $30,000
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A firm operate at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,000. what is operating profit was?
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