Question: EXERCISE 6.3 Understanding Inventory Cost Flows PC Connection is a leading mail order retailer of personal computers. A recent financial report issued by the company

EXERCISE 6.3 Understanding Inventory Cost Flows

PC Connection is a leading mail order retailer of personal computers. A recent financial report issued by the company revealed the following information:

EXERCISE 6.3 Understanding Inventory Cost Flows PC Connection is a leading mail

a.Compute the companys cost of goods sold for the year.

b.Approximately how much inventory did PC Connection purchase during the year?

c.What factors might contribute to the companys low gross profit margin?

d.Discuss reasons why PC Connection uses a perpetual inventory system.

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