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Question
assume the following: cost of goods sold = $130,000; purchases = $170,000; beginning inventory = $40,000; ending inventory = $80,000; current assets = $240,000.
calculate the average inventory, as used when calculating inventory turnover. correct answer is:
a $60,000
b $120,000
c $210,000
d none of the above
Answer
This answer is hidden. It contains 1 characters.
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