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The cost of goods sold computations for O'Brien Company and Weinberg Company are shown below.
200,000
290,000
55,000
69,000
$190,000
$292,000
Instructions
(a) Compute inventory turnover and days in inventory for each company.
Stock Options, Prepare the necessary entries from 1/1/10-2/1/12 for the following events using the fair value method. If no entry is needed, write "No Entry Necessary."
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