Lagasse Corporation's computation of cost of goods sold is: Beginning Inventory $160,000 Add: Cost of goods purchased
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Question:
Beginning Inventory $160,000
Add: Cost of goods purchased $605,000 =Cost of goods available for sale $765,000
Ending Inventory $180,000 =Cost of goods sold $585,000
The average days to sell inventory for Lagasse are
a. 112.3 days.
b. 53.0 days.
c. 100.0 days.
d. 106.1 days.
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