Need4Speed Bikes needs to determine their Cost of goods sold per day. The company opened in 2021,
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Question:
Need4Speed Bikes needs to determine their Cost of goods sold per day.
The company opened in 2021, has 203 staff and have a cost of goods sold value of $31,725,000. The company recognizes 65 days off for holidays and closed days throughout the year. The remaining days of the year are considered operating days.
What is their cost of goods sold per day?
CGS/D = Cost of goods sold value/operating days per year.
Question 16 options:
| A | $105,750 |
| B | $31,725 |
| C | $110,750 |
| D | $488,076 |
Expert Answer:
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