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  3. Study Set
    Financial Accounting Study Set 24
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    Exam 8: Reporting and Interpreting Property, Plant, and Equipment; Intangibles; and Natural Resources
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    Darkhorse Ltd
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Darkhorse Ltd

Question 24

Question 24

Multiple Choice

Darkhorse Ltd. has a days in inventory ratio of 40 and average inventory of $254,000. What is its cost of goods sold?


A) $1,854,200.
B) $12,700,000.
C) $2,317,750.
D) Cannot be determined.

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