Delmar Company had beginning inventory of $90,000, ending inventory of $110,000, cost of goods sold of $600,000, and sales of $960,000. Delmar's days in inventory is:
A) 38.0 days.
B) 54.3 days.
C) 60.8 days.
D) 67.5 days.

Question

Delmar Company had beginning inventory of $90,000, ending inventory of $110,000, cost of goods sold of $600,000, and sales of $960,000. Delmar's days in inventory is: 
A) 38.0 days.
B) 54.3 days.
C) 60.8 days.
D) 67.5 days.

Quizplus · Accepted Answer

The Answer of Delmar Company had beginning inventory of $90,000, ending inventory of $110,000, cost of goods sold of $600,000, and sales of $960,000. Delmar's days in inventory is: 
A) 38.0 days.
B) 54.3 days.
C) 60.8 days.
D) 67.5 days.

Delmar Company Had Beginning Inventory of $90,000, Ending Inventory of $110,000