Pharoah Company had the following records: 2022 2021 Ending inventory $ 42000 $ 30000 Cost of goods sold 349200 324000 What is Pharoah's average days in inventory for 2022? (rounded) (Use 365 days for calculation. Round intermediate calculations to 1 decimal place, e.g. 12.1.)

Pharoah Company had the following records: 2022 2021 Ending inventory $ 42000 $ 30000 Cost of goods sold 349200 324000 What is Pharoah's average days in inventory for 2022? (rounded) (Use 365 days for calculation. Round intermediate calculations to 1 decimal place, e.g. 12.1.)

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 2MC: The following items were included in Venicio Corporations inventory account on December 31, 2019:...

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Question

Pharoah Company had the following records:

	2022	2021
Ending inventory	$ 42000	$ 30000
Cost of goods sold	349200	324000

What is Pharoah's average days in inventory for 2022? (rounded) (Use 365 days for calculation. Round intermediate calculations to 1 decimal place, e.g. 12.1.)

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