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A company’s beginning inventory is $13,000, purchases during the period are $33,000, and the ending inventory is $9,500. What is the cost of goods sold (COGS)? General Accounting

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16EB: Compute Westtown Companys (A) inventory turnover ratio and (B) number of days sales in inventory...

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A company’s beginning inventory is $13,000, purchases during the period are $33,000, and the ending inventory is $9,500. What is the cost of goods sold (COGS)? General Accounting

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