The following information was available for Pietee Company at December 31 2016: beginning inventory $90000; ending inventory $70000; cost of goods sold $968000; and sales $1360000. Pietee's days in inventory in 2016 was
A) 21.5 days.
B) 26.4 days.
C) 30.2 days.
D) 33.8 days.

Question

The following information was available for Pietee Company at December 31 2016: beginning inventory $90000; ending inventory $70000; cost of goods sold $968000; and sales $1360000. Pietee's days in inventory in 2016 was 
A) 21.5 days.
B) 26.4 days.
C) 30.2 days.
D) 33.8 days.

Quizplus · Accepted Answer

The Answer of The following information was available for Pietee Company at December 31 2016: beginning inventory $90000; ending inventory $70000; cost of goods sold $968000; and sales $1360000. Pietee's days in inventory in 2016 was 
A) 21.5 days.
B) 26.4 days.
C) 30.2 days.
D) 33.8 days.

The Following Information Was Available for Pietee Company at December