Question: Can you explain the correct methodology to solve this general accounting problem? Techo Ltd. is a major online electronics retailer. The company provided the following

Can you explain the correct methodology to solve this general accounting problem?

Techo Ltd. is a major online electronics retailer. The company provided the following data for the most recent fiscal year: - Beginning inventory: $65 million - Ending inventory: $80 million - Net sales: $1.85 billion - Gross profit margin: 16% a. Compute Techo's cost of goods sold (COGS) for the year. b. Compute the inventory purchased during the year

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