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:

Center Plate

A key component in the articulation systems of rail vehicles or trailers, serving as a pivot point and support between the bogie and the vehicle body.

Drive Pins

Drive pins are fasteners used to secure two parts together, typically installed by driving the pin into a pre-drilled hole to create a secure connection.

Clutch Discs

Clutch discs are components of a clutch assembly in vehicles, made of a friction material that engages and disengages the engine from the drivetrain.

Rollers

Cylindrical components designed to facilitate movement or transfer of materials or objects by rolling them across surfaces.