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Gross margin is 7000 and revenues are 16000 then cost of...

This question belongs to Management Management Accounting
Management Accounting
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Gross margin is $7000 and revenues are $16000, then cost of goods sold would be

Answer & Solution
Correct Answer: Option D
Cost of goods sold = Revenues - Gross margin
= $16000 - $7000 = $9,000.
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