A Company Has an Average Inventory on Hand of $60000

question 2

Multiple Choice

A company has an average inventory on hand of $60000 and the days in inventory is 73 days. What is the cost of goods sold?

• A) $300000
• B) $4380000
• C) $600000
• D) $2190000

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Definitions:

Cultural-Familial Retardation

Refers to cognitive delays in individuals, often attributed to both genetic and environmental factors within families.

Heritability

The proportion of observable differences in a group that can be explained by differences in the genes of the group’s members.

Familiarity

The state of being easily recognizable or well-known to someone due to repeated exposure or experience.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.