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12/31/14 Accounts receivable Inventory Accounts payable 12/31/13 $47,845 $61,512 $26,041 Change $8,463 $3,585 $1,850 $57,927 $27,891 2014 Selected Income Statement Items for Rian Company Cash

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12/31/14 Accounts receivable Inventory Accounts payable 12/31/13 $47,845 $61,512 $26,041 Change $8,463 $3,585 $1,850 $57,927 $27,891 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of goods sold $538,543 $532,000 $475,000 $1,007,000 For the coming year, Rian Company wants to reduce its average production cycle to 34.8 days If the target-ending inventory for 2015 is $64,628, what cost of goods sold will the company need to reach its goal? If the target ending inventory for 2015 is $64,628, what cost of goods sold will the company need to reach its goal? (Round to the nearest dollar.)

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