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I just want to check my answers.

sales $500 $4,000
Beginning Merchandise Inventory 25 d) 1,400
Net Cost of Purchases 325 1,200
Ending Merchandise Inventory a) 50 200
Cost of Goods Sold b) 300 e) 2,400
Gross Margin c) 200 1,600
Operating expenses 150 f) 1,200
Income Before Income Taxes 50 400

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