West corporations computation of cost of goods sold

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12. West Corporation’s computation of cost of goods sold is as follows: Beginning inventory $ 60,220 Add: Net purchases 338,470 Cost of goods available for sale 398,690 Ending inventory 81,780 Cost of goods sold $316,910 The average days to sell inventory for West (assuming a 365 day year) is approximately “4-Point” MULTIPLE CHOICE QUESTIONS
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  • Fall '12
  • Staff
  • Balance Sheet, Generally Accepted Accounting Principles, Doubtful Accounts, unrealized holding gain

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