A company has an average inventory on hand of $ 60,000 and the average days to sell inventory is 29.2 days. What is the cost of goods sold? Select one: A. $ 739,726 B. $750,000 C. $876,000 D. $1,752,000
A company has an average inventory on hand of $ 60,000 and the average days to sell inventory is 29.2 days. What is the cost of goods sold? Select one: A. $ 739,726 B. $750,000 C. $876,000 D. $1,752,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company has an average inventory on hand of $
60,000 and the average days to sell inventory is 29.2
days. What is the cost of goods sold? Select one: A. $
739,726 B. $750,000 C. $876,000 D. $1,752,000
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