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6 12.5 points Exercise 6.3 (Static) Understanding Inventory Cost Flows (LO6-2, LO6-5, LO6-8) PC Connection is a leading mail-order retaller of personal computers. A recent
6 12.5 points Exercise 6.3 (Static) Understanding Inventory Cost Flows (LO6-2, LO6-5, LO6-8) PC Connection is a leading mail-order retaller of personal computers. A recent financial report issued by the company revealed the following information (Enter your answer in whole dollars.) Merchandise inventory (beginning of the year) Merchandise inventory (end of the year) eBook Net sales for the year Gross profit margin 579 million $ 91 on $2.46 billion 11% Print References a. Compute the company's cost of goods sold for the year b. Approximately how much Inventory did PC Connection purchase during the year? Cost of goods sold b. Purchases
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