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Excel Online Structured Activity: Cost of Goods Sold Suppose that a firm's inventory turnover is six times and its average inventory is $240,000. The data

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Excel Online Structured Activity: Cost of Goods Sold Suppose that a firm's inventory turnover is six times and its average inventory is $240,000. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Question What is the cost of goods sold? Round your answer to the nearest dollar. 87

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