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Items Beginning Ending Inventory $9,780 $11,380 (A/R) 4,108 4,938 (A/P) 7,636 7,927 Credit Sales $89,804 Cost of Goods Sold (COGS) 56,384 Please show all work
Items Beginning Ending Inventory $9,780 $11,380 (A/R) 4,108 4,938 (A/P) 7,636 7,927 Credit Sales $89,804 Cost of Goods Sold (COGS) 56,384 Please show all work A) Compute the annual average of the inventory, a/r, a/p by dividing the sum of their beginning balance and ending balance by two B) Compute the inventory turnover, a/r turnover, and a/p turnover C) Compute the inventory (conversion) period, a/r period and a/p period
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