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Your Company Had a Beginning Inventory of $109,500 and Purchased

Question 116

Essay

Your company had a beginning inventory of $109,500 and purchased $240,720 during the accounting period.Assuming no returns,find the goods available for sale,the cost of goods sold,the inventory turnover ratio,and days to sell for the company if its ending inventory was $94,820.

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Goods available for sale = Beginning inv...

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