Refer to the data in PE 20-1. Compute the number of days in inventory for (1) Raw

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Refer to the data in PE 20-1. Compute the number of days in inventory for

(1) Raw materials inventory,

(2) Work-in-process inventory, and

(3) Finished goods inventory. (Assume 365 days in the year.)


Data from PE 20-1

Ending finished goods inventory.... Cost of raw materials used.. Cost of goods manufactured. . Cost of goods sold.. Begi

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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