Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the end of the period, Hazelwood's inventory was $39,600. If the gross profit percentage was 40%, what was Hazelwood's sales revenue?
A. $135,000
B. $207,000
C. $32,400
D. $82,800
Answer: B
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