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    Fundamental Accounting Principles Study Set 1
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    Exam 6: Inventories and Cost of Sales
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    A Company's Cost of Goods Sold Was $15,500 and Its
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A Company's Cost of Goods Sold Was $15,500 and Its

Question 207

Question 207

True/False

A company's cost of goods sold was $15,500 and its average merchandise inventory was $4,500. Its inventory turnover equals 3.4.

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