Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as “E”) Purchases … E250,000 Freight In E8,000 Sales discounts . 4,000 Purchase returns .. 7,000 Inventory Sales . 400,000 December 31, 20X1 .. 20,000 Purchase discounts . 3,000 December 31, 20X2 .. 30,000 Sales returns . 8,000 Compute the following for Les Fleurs during 20X2: (Do not convert the figures to US dollars.) Net sales revenue Cost of goods sold Gross profit
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