Chapter 8, Problem 3DQ

What is the cost of goods sold?

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Please provide the correct answer to this general accounting problem using accurate calculations.

What is the cost of the ending work in process inventory?

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Horizon Corp. has a net income of $275,000, a profit margin of 8.3%, and an accounts receivable balance of $178,000. Assuming 80% of sales are on credit, what are the company's days' sales in receivables? need answer