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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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    Ulrich Had Cost of Goods Sold of $6
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Ulrich Had Cost of Goods Sold of $6

Question 135

Question 135

Multiple Choice

Ulrich had cost of goods sold of $6.7 million, ending inventory of $2.2 million, and average inventory of $1.9 million. Its days' sales in inventory equals:


A) 104.
B) 60.
C) 35.
D) 180.
E) 120.

Correct Answer:

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