At the beginning of the year, Wildcat Athletic had an inventory of $200,000. During the year, the… 1 answer below »

At the beginning of the year, Wildcat Athletic had an inventory of $200,000. During the year, the company purchased goods costing $700,000. If acc 290 final exam Wildcat Athletic reported ending inventory of $300,000 and sales of $1,000,000, their cost of goods sold and gross profit rate would be

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