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Asked Jan 23, 2019
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QUESTION 9 Not answered
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The following information is taken Aiello Corporation's fiscal 2016 annual report.
Selected Balance Sheet Data
2016
2015
$221,418 $226,893
Accounts Receivable..$121,333 $122.087
spent $3,296,240 to purchase and manufacture inventories during its 2016 fiscal year.
What is the cost of goods sold for Aiello's fiscal year end?
Select one:
O A. $3,301,715
0 B. $3,296,240
О с, $3.290.765
D. $3,300,000
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QUESTION 9 Not answered Mark 0.00 out of 1.00Remove flag Edit question The following information is taken Aiello Corporation's fiscal 2016 annual report. Selected Balance Sheet Data 2016 2015 $221,418 $226,893 Accounts Receivable..$121,333 $122.087 spent $3,296,240 to purchase and manufacture inventories during its 2016 fiscal year. What is the cost of goods sold for Aiello's fiscal year end? Select one: O A. $3,301,715 0 B. $3,296,240 О с, $3.290.765 D. $3,300,000

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Expert Answer

Step 1

The Purchase of Inventories and inventories level at the end and begining of the period is given.

The cost of good ssold is cocmputed by adding up purchase and begining balance of inventories to arrive at the total ...

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