Pederson Company Reported The Following

(Correct Answer Below)

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Pederson Company Reported The Following

: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units What is the amount of gross profit margin?
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$1,645,000 47,000 _ ($75 - ($2,000,000 / $50,000)) = $1,645,000

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