Beginning inventory is $42 000 and Ending inventory is $58 000. Cost of sales is $600 000. Calculate days in inventory.
A)30.4
B)25.6
C)3.4
D)135.3

Name: Beginning inventory is $42 000 and Ending inventory is $58 000. Cost of sales is $600 000. Calculate days in inventory. A)30.4 B)25.6 C)3.4 D)135.3
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Question

Quizplus · Accepted Answer

Days in inventory = (Ending inventory + Beginning inventory) / Cost of sales * 365 days= (58,000 + 42,000) / 600,000 * 365 days= 100,000 / 600,000 * 365 days= 30.4 days

Beginning Inventory Is $42 000 and Ending Inventory Is $58