Question
15. A company has an inventory period (i.e. days in inventory) of 89 days, computed using the average inventory and the cost of goods sold.
15. A company has an inventory period (i.e. days in inventory) of 89 days, computed using the average inventory and the cost of goods sold. The beginning inventory balance is $8,050, and the cost of good sold is $43,240. If the year has 365 days, what is the ending inventory balance?
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
