Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 cost of goods sold was $770,000.The inventory at the end of 2019 was $188,000 and at the end of 2018 the inventory was $208,000. Tinker's average number of days to sell its inventory during 2019 is closest to: (Use 365 days a year. )
A) 96
B) 92
C) 95
D) 94
Correct Answer:
Verified
Q66: An understatement of the ending inventory in
Q67: Tinker's cost of goods sold in the
Q68: Barrington Company must write down its inventory
Q69: Wilmington Company reported pretax income of $25,000
Q70: Hollander Company hired some students to help
Q72: QV-TV,Inc.provided the following items in its notes
Q73: During the audit of Montane Company's 2019
Q74: If two companies each use different inventory
Q75: A $25,000 overstatement of the 2018 ending
Q76: A company using the periodic inventory system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents