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For the Year Ended December 31, Depot Max's Cost of Goods

Question 4

Multiple Choice

For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Depot Max's number of days' sales in inventory is closest to


A) 42
B) 46
C) 8
D) 44

Correct Answer:

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