Merrimack, Inc. uses the FIFO inventory method and had the following inventory in fiscal 2019: Beginning Inventory, January 1, 2019: 130 units @ $17.00 Purchase 200 units @ $18.00 Purchase 52 units @ $14.5 Purchase 131 units @ $15.5 Ending Inventory, December 31, 2019: 104 units The company's cost of goods sold for fiscal 2019 is: (Round your answer to zero decimal places and omit the "S" sign. For example, if your answer is $1,000.2, type in "1000") QUESTION 2 CVS and Walgreens released the following financial statement information: CVS (in thousands) Year-end accounts payable Average accounts payable Sales Cost of goods sold 2019 $ 1,242 1,193 16,148 9,855 Walgreens (in Millions) Year-end accounts payable Average accounts payable Sales Cost of goods sold 2019 S 203,872 190,373 3,305,802 2,191,803 Which of the two companies listed above is leaning on the trade more? CVS because its accounts payable turnover is higher and its accounts payable days outstanding is lower. Walgreens because its accounts payable turnover is lower and its accounts payable days outstanding is higher. Walgreens because its accounts payable turnover is higher and its accounts payable days outstanding is lower. CVS because its accounts payable turnover is lower and its accounts payable days outstanding is higher. O