Fill in Each Blank with the Appropriate Term to Complete

Essay

Fill in each blank with the appropriate term to complete each formula.
$\begin{array}{|l|l|l|l|l|l|}\hline \text { BI } & \text { Beginning inventory } & \text { EI } & \text { Ending inventory } & \text { P } & \text { Purchases } \\\hline \text { CGS } & \text { Cost of Goods Sold } & \text { AI } & \text { Average inventory } & &\\\hline \end{array}$
CGS = _____ + _____ - _____
Average Inventory = (_____ + _____)/2
Goods available for sale = _____ + _____
Days to sell = 365/(_____/_____)