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Suppose Carducci's had cost of goods sold during the year of $280,000. Beginning merchandise inventory was $60,000, and ending merchandise inventory was $75,000. Determine Carducci's
Suppose Carducci's had cost of goods sold during the year of $280,000. Beginning merchandise inventory was $60,000, and ending merchandise inventory was $75,000. Determine Carducci's inventory turnover for the year. Round to the nearest hundredth. OA. 4.67 times per year O B. 4.15 times per year O C. 18.67 times per year O D. 3.73 times per year Samson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 25 units at $93 March 10 June 10 October 30 Sold 22 units Purchased 75 units at $98 Sold 70 units What is the balance of the company's Merchandise Inventory, as disclosed in the December 31, 2019 balance sheet as per the periodic FIFO inventory costing method? O A. $2,325 O B. $490 OC. $465 D. $784
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