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Compute the average days in inventory rounded to the nearest whole day based on the following data: Sales revenue                 $275,000 Cost of goods sold            100,000 Beginning inventory            35,000 Ending inventory                 45,000

Compute the average days in inventory rounded to the nearest whole day based on the following data: Sales revenue                 $275,000 Cost of goods sold            100,000 Beginning inventory            35,000 Ending inventory                 45,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 2RE: On January 1, Pope Enterprises inventory was 625,000. Pope made 950,000 of net purchases during the...
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Compute the average days in inventory rounded to the nearest whole day based on the following data:

Sales revenue                 $275,000

Cost of goods sold            100,000

Beginning inventory            35,000

Ending inventory                 45,000

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