Multiple Choice
The following information relates to Musk Corporation. Inventory conversion period 15 days
Closing inventory $28,000
Assuming there are 360 days in a year, what is the company's total cost of goods sold during the year? (Round your answer to two decimal places.)
A) $550,000
B) $475,000
C) $750,000
D) $672,000
E) $580,000
Correct Answer:
Verified
Correct Answer:
Verified
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