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2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inven Accounts payable 12/31/14 $36,189 $53,824 $25,901 12/31/13 S43,538 $57,683 $24,190 $7,349 $3,859
2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inven Accounts payable 12/31/14 $36,189 $53,824 $25,901 12/31/13 S43,538 $57,683 $24,190 $7,349 $3,859 $1,711 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of goods sold $498,152 $452,000 $480,000 $932,000 For the coming year, Rian Company wants to reduce its average production cycle to 35.8 days. If the target-ending inventory for 2015 is $60,528, what cost of goods sold will the company need to reach its goal? If the target ending inventory for 2015 is $60,528, what cost of goods sold will the company need to reach its goal? 0(Round to the nearest dollar.)
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