Brooke Industries has sales of $938,000 and cost of goods sold of $468,000.The firm had a beginning inventory of $124,600 and an ending inventory of $132,900.What is the length of the inventory period?

Name: Brooke Industries has sales of $938,000 and cost of goods sold of $468,000.The firm had a beginning inventory of $124,600 and an ending inventory of $132,900.What is the length of the inventory period?
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Question

Quizplus · Accepted Answer

Inventory period = 365 / {$468,000 / [($124,600 + $132,900)/ 2]} = 100.41 days

Brooke Industries Has Sales of $938,000 and Cost of Goods