Solved: Ending inventory 102000 cost of goods sold 684000 and sales, Accounting Basics

Ending inventory 102000 cost of goods sold 684000 and sales

Question - The following information was available for Novak Corp. At December 31, 2017: beginning inventory $78000; ending inventory $102000; cost of goods sold $684000; and sales $872000. Novak days in inventory (rounded) in 2017 was

a) 41.5 days.

b) 37.6 days.

c) 48.0 days.

d) 54.5 days.

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Accounting Basics: Ending inventory 102000 cost of goods sold 684000 and sales

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Accounting Basics: Ending inventory 102000 cost of goods sold 684000 and sales

Reference No:- TGS02614776

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